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On June 25, ceremonies were held in Tokyo and Shanghai to commemorate the launch of Japan-China ETF Connectivity, a scheme jointly developed by Japan Exchange Group (JPX) and Shanghai Stock Exchange (SSE). The ETFs created under the scheme were listed on the two markets on the same day.
In Tokyo, the Financial Services Agency and SSE joined many institutions involved in the Japanese and Chinese capital markets to celebrate the birth of the ETFs on Tokyo Stock Exchange (TSE).
While there have been Chinese equity ETFs listed in Tokyo, the ETFs listing in Shanghai today are the first to track Japanese equity indices in China, thus realizing the mutual listing of ETFs across the two markets.
On the SSE market, a China Southern Asset Management TOPIX ETF is joined by ETFs tracking the Nikkei Stock Price Average each managed by HuaAn Fund Management, China Asset Management, and E Fund Management. Investors in China can now use these ETFs to gain exposure to Japanese equities.
On the TSE market, a Mitsubishi UFJ Kokusai Asset Management ETF tracking the SSE 180 index and an Asset Management One ETF tracking the CSI 500 index have been listed to broaden the lineup of investment options in Japan.
During the ceremony in Tokyo, JPX Group CEO Akira Kiyota said, "I am pleased that we now have ETFs forming a two-way bridge between the capital markets of Japan and China. If we consider the sizes of these two capital markets, this may only be a small step today, but it is surely a significant step with immense potential for the future. Now that this long-awaited pipe is laid, we will work with market participants to grow and develop it into a strong and robust one. At JPX, we will continue to promote the use of ETFs based on this scheme and join hands with the industry to invigorate cross-border investment flows between Japan and China so as to contribute to the further development of the capital markets of both countries."
Tape-cutting
Speech by JPX Group CEO Akira Kiyota
Speech by FSA Commissioner Toshihide Endo
Gift exchange (from left: Chair of SSE Supervisory Board, Pan Xuexian; JPX Group CEO Akira Kiyota)
Bell-ringing (from left: HuaAn Fund Management General Manager Assistant, Xu Zhiyan; Mitsubishi UFJ Financial Group Chairman, Nobuyuki Hirano)
Bell-ringing (from left: China Southern Asset Management CMO, Wu Zengtao; Asset Management One President & CEO, Akira Sugano)
Group photo
Speech by TSE President & CEO, Koichiro Miyahara
Japan-China ETF Launch at the plasma ball (from left: TSE President & CEO, Koichiro Miyahara; Shanghai vice-mayor, Wu Qing; SSE Chairman Huang Hongyuan; CSRC Deputy Director Zhu Huan)
Japan-China ETF Connectivity is a scheme for creating ETFs that link the ETF markets of Tokyo Stock Exchange and Shanghai Stock Exchange. Based on QFII/RQFII and QDII investment quotas allocated for the scheme, it enables the listing of feeder ETFs of ETFs investing in Chinese or Japanese assets listed on the other exchange.
Contact
Japan Exchange Group, Inc.　Global Strategy
TEL:+81-3-3666-1361 (Operator)