Fund Companies and Funds

etfs: Photo CFP China and Japan signed an agreement on Monday for the cross-listing of exchange-traded funds ETFs a step that will help investors from each side to buy each other's stocks, according to Global Times China. The Shanghai Stock Exchange SSE and Japan Exchange Group JPX have agreed to establish an interconnection system for ETFs, and they plan to list funds that target ETFs in each other's markets, according to the agreement reached at the first China-Japan Capital Market Forum in Shanghai on Monday, domestic news site nbd.cn reported. The Shanghai Composite Index charged above the 2,000 point mark Wednesday. The cross-border funds will be established by fund companies in both countries through China's Qualified Domestic Institutional Investor and Qualified Foreign Institutional Investor programs, the report said. Both sides have accelerated market access and strengthened regulatory cooperation, Yi told the forum through a video phone call. China and Japan have made significant progress since signing memoranda of understanding on ETF cross-listings in October 2018, said China Securities Regulatory Commission CSRC Chairman Yi Huiman at the forum. (news.financializer.com). As reported in the news.