The Shanghai Stock Exchange (SSE) is considering launching a series of exchangetraded funds (ETFs) which invest in the country's bond market, the National BusinessDaily reported Tuesday, citing an insider from the exchange, a move which experts saywill help ease the growing demand for fixed-income products among Chinese investors.
So far the exchange has not pushed forward any concrete measures regarding the newETFs or set a time frame for their launch, a spokesperson from the exchange told theGlobal Times Tuesday.
While details are still forthcoming, last month the exchange gave its approval to BoseraFund and Guotai AMC, two local investment fund management firms, to design ETFsthat will invest in sovereign and corporate debt respectively, said Zhang Yongmin, anexecutive manager from Qilu Securities.
The launch of bond ETFs in China will be a huge boom to the growing number of retailinvestors who are eager to shed their equity investments and take positions in fixed-income products while the mainland stock market idles at three-year lows, Xu Weilin, ananalyst from Z-Ben Advisors, a fund investment consultancy, told the Global Times.
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