The International Layout of China's ETF has Begun to Expand Further
On August 6, the latest update on the official website of the China Securities Regulatory Commission showed that the establishment of ETF Asset Management (USA) Holdings Limited (hereinafter referred to as ETF USA) has been approved, which means that ETF's international layout has been further expanded.
At present, the number of Chinese public funds that have established (including acquired) subsidiaries outside of China has exceeded 20, of which 21 companies have their subsidiaries registered in Hong Kong. In contrast, overseas branches of public funds established in the United States are relatively rare. In response, the company has also said that the U.S. subsidiaries were set up to invest in overseas China concept assets and to help local investors invest in the Chinese market.
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