The new product development of the Exchange Traded Funds (ETF) by the Shanghai Stock Exchange (SSE), recognized by the international ETF circle recently, has won three prizes of the 6th Annual Global ETF Awards evaluated byvwww.exchangetradedfunds.com , the world-famous specialized ETF website, including the "Most Proactive ETF Exchange", the "Largest Exchange for ETFs in Dollar Turnover" and the "Largest Exchange for ETFs in Volume" in Asia-Pacific region. Moreover, the "Most Recognized ETF Brand" in Asia-Pacific region was granted to China Asset Management Co., Ltd., the manager of the SSE 50ETF.
ETFs are the SSE's focal point of product development at present. Under the leadership of the China Securities Regulatory Commission and the Shanghai Municipal Government, the number of ETFs saw a doubled increase in the single market of the SSE in 2009, with the preparations for cross-market and cross-border ETFs completed on the whole. The argumentation of such innovative ETFs as leveraged ETF, inverse ETF, optimized replication ETF has become more sufficient. The research of other types of ETFs such as bonds, gold and commodities has been deepened. The development process, management method, operational mechanism and risk management of ETFs have been improved. The fund mangers and other institutions have become more willing to develop ETF products, while investors have become more receptive to ETF.
The SSE regarded the award-winning as both an encouragement and incentive. At the next stage, the SSE will, on the basis of risk control and in line with the principles of "specialization, marketization, transparency and standardization", promote the development of new ETF products to achieve the greater success of ETF products and market.