China approves launch of country’s first non-ferrous metals ETF

The China Securities Regulatory Commission (CSRC) has approved the listing of a non-ferrous metals exchange-traded fund (ETF) on the Shenzhen Stock Exchange (SZSE).

The Dacheng Fund Nonferrous Metal Futures ETF will track the Shanghai Futures Exchange Non-ferrous Metals Futures Index, SZSE said on Monday September 2. “Investors will have one more tool to defuse investment risks and improve asset allocation, and liquidity of its capital markets will also grow with the launch,” the deputy general manager and chief economist at Zhongda Futures, Jing Chuan, told...

Published

Sally Zhang

September 06, 2019

11:35 GMT

Shanghai