SSgA calls for change to QFII rules

State Street Global Advisors (SSgA) has called for QFII rules to be modified to create a level playing field between mainland Chinese, Hong Kong and foreign ETF operators. The call came as the second physically backed A-share ETF was launched on the Hong Kong stock exchange yesterday under the renminbi-denominated qualified foreign institutional investor (RQFII) scheme. Chinese asset manager E Fund’s CSI 100 ETF recorded trading volume of HK$14.8 million ($1.9 million) on its Ho…