through train

Through train not a steamroller, says CSOP

The Hong Kong-Shanghai through train is not due to arrive until October, but CSOP chief exec Ding Chen says it is already drawing interest in renminbi products.
Ding Chen, chief executive of CSOP
Ding Chen, chief executive of CSOP

The through train scheme that will allow mutual market access between Hong Kong and Shanghai is already boosting sales of renminbi products, according to the biggest asset manager in China’s renminbi qualified foreign institutional investor scheme, CSOP.

Countering criticism that the new scheme will cannibalise demand for existing investment products, Ding Chen, CSOP’s chief executive, told FinanceAsia that her firm is getting an increasing number of calls from investors asking about their exchange-traded fund ETF products as the trough train gets closer to arriving in Hong Kong and she is confident the ETF market will not suffer.

“On the contrary, it will help to...

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