China exchanges attract domestic bond ETF interest
Shanghai Stock Exchange (SSE) has received applications from four asset managers to launch ETF funds linked to domestic bonds, according to a report from China Securities Journal on Tuesday (August 14). The report also states that rival Shenzhen Stock Exchange (SZSE) has had submissions from several fund managers to do the same.
Among the SSE’s applicants, Bosera Asset Management and Guotai Asset Management are reported to have received preliminary approval from the exchange. Guotai Asset Management is said to be preparing an ETF linked to government bonds, while Bosera is in the process of setting up an ETF linked to the corporate bond market.