In what is being viewed as a move to ease tension between the island and mainland, the Taiwan Stock Exchange has agreed to allow the first dual listing of an exchange-traded fund from Hong Kong, from July 2009 – reported Bloomberg.
Schive Chi, Chairman, Taiwan bourse, has said that CSI 300 China Tracker, a Hong Kong ETF, which is managed by BOCI-Prudential Asset Management, will be listed in Taiwan Stock Exchange around the third week of next month. Mr. Chi also stated that the Taiwan bourse will sign an agreement with China to trade two more Hong Kong ETFs this year.
Taiwan and China are set to sign more agreements that allow investments in each other’s banking, insurance and securities industries, after agreeing on a wide framework for collaboration this April.
