China Approves Government Bond ETF to Grow Debt Market
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China approved the introduction of its first exchange-traded fund of government bonds as policy makers seek to expand the nation’s debt market.
Guotai Asset Management Co.’s exchange-traded fund of Chinese sovereign debt will be listed on the Shanghai Stock Exchange and benchmarked against an index of five-year government bonds, according to a statement posted to the website of the China Securities Regulatory Commission yesterday.