E Fund to list first cross-market RQFII ETF

E Fund Management (HK) is to break new ground today by listing a cross-market exchange-traded fund in Hong Kong that can be traded in both HK dollars and renminbi – the first of its kind. The renminbi-denominated qualified foreign institutional investor (RQFII) vehicle will track the CES China 120 Index, comprising of 120 A- and H-share stocks listed in Hong Kong, Shanghai and Shenzhen. The ETF’s constituents account for 54.5%, 36.4% and 9.2% of the CES China 120, respectively. …