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On March 23, 2012, Shenzhen Stock Exchange held the cross-market ETF business seminar. Some people from securities companies, the relevant persons in charge of the case from Shenzhen Stock Exchange, China Securities Depository and Clearing Corp. Limited and Harvest Fund Management Co., Ltd. attended the seminar. The attendants made the full discussion in terms of the important significance of SZSE rolling out SSE SZSE 300ETF product, improving the supporting rules and systems and thereby market opportunities and so forth.
The SSE SZSE 300ETF is the first cross-market ETF product rolled out by the SZSE. The guest attendants thought that it will open the China’s cross-market ETF door, giving the new fresh air to China’s ETF market, producing the far-reaching impact on the development of China capital markets. The product will be the most sizable and liquid ETF product, enjoying the dual advantages of core index and stock index futures subject index. Additionally, the securities companies may take it as the strategic product of key-point development by providing the supporting service, attracting clients, satisfying the demands of investors and lifting up the profitability.
In many years, the SZSE had put high importance on innovation of fund products, continuously enriched the type of funds and strived to expand the market size on the basis of the multi-layer markets development. By the end of February, the SZSE-listed funds reached 164 with the asset size of 118.229 billion yuan, building up the ETF market of different risk grades. Among these, the number of listed ETF amounts to 14 with the asset size of 33 billion yuan; and the subject indexes cover size index, theme index, style index and fundamental index, etc.
