China and Japan have approved 6 exchange-traded funds (ETFs), making it easier for investors to put money into each other’s stock markets, said Caixin.
The China Securities Regulatory Commission has approved four cross-border ETFs that will invest in Japanese ETFs to track Japan’s stock indexes, according to a statement released by the commission. It has yet to announce when the funds will be available to investors.
Tokyo Stock Exchange Inc. has also approved two ETFs, which will buy shares in Chinese ETFs that invest in Chinese stock indexes, according to separate statements released on Wednesday and Thursday. The Japanese ETFs will be listed on the exchange on June 25.
The approvals mark the latest effort by Asia’s two largest economies to speed up mutual access to each other’s stock markets as the two countries make efforts to improve bilateral relations.