CCB Unit Said to Offer Europe’s First RQFII Money Market ETF
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CCB International Asset Management Ltd. will offer Europe’s first exchange-traded fund that invests in China’s money market, said two people familiar with the matter.
The ETF will be listed in London and will be tradeable in yuan, euro, or pounds, the people, who asked not to be identified as the plan hasn’t been announced publicly, said Monday. It will give access to China’s onshore market via renminbi qualified foreign institutional investors, they said. CCB International, a unit of China Construction Bank Corp., will release an official statement in due course, the company said in an e-mail Monday.