Beijing urges mainland insurers to invest in Hong Kong-listed ETFs
China’s financial regulator has encouraged mainland insurers to buy Hong Kong-listed exchange-traded funds (ETFs), an initiative that is poised to further boost the city’s standing as an international finance centre. The National Financial Regulatory Administration (NFRA) voiced support on Tuesday for mainland insurance funds investing in ETFs through schemes like Stock Connect, which allows cross-border trading between mainland and Hong Kong financial markets. The announcement was made during a...
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