Shenzhen Stock Exchange Issues A Notice Of 3rd Cross-Market ETF Whole-Network Testing, Rolling Out SSE-SZSE 300 ETF On Countdown

Yesterday, Shenzhen Stock Exchange and China Securities Depositary and Clearing Corp. Ltd. jointly issued the Notice on Third Whole-network Simulation Test for Cross-market ETF on Shenzhen Market, planning to organize such market participants as Bank of China, fund management companies to launch the third whole-network test. And the move also signals the SZSE has well prepared the work for SSE-SZSE 300 ETF.

Since the SZSE first rolled out the ETF products in 2006, it has been actively put tremendous effort to doing research on cross-market ETF products. The SZSE, China Securities Depositary and Clearing Corp. Ltd. and Harvest Fund Management Company successfully designed and developed the cross-market ETF products scheme and relevant technical system in view of the sophisticated experience of overseas market, taking into the consideration China’s securities trading, registration and clearing system. As for the technical system, two whole-network tests were made respectively in September, 2010 and January, 2011. On Feb.06, 2012, China Securities Regulatory Commission accepted the application for Harvest SSE-SZSE 300 ETF, and the countdown for rolling out SZSE cross-market ETF begins.

In order to assist agency securities companies in knowing better the business scheme for cross-market ETF and technical system, make sure the smooth rolling out of SSE-SZSE 300 ETF, the SZSE and China Securities Depositary and Clearing Corp. Ltd. plans to hold the training meeting on Feb.24, making the intensified training on persons in charge of business and technology in the agency securities companies.

ETF is one of the fastest-growing financial products on the global financial markets, for now, becoming the mainstream with respect to the development of global index funds. The SZSE always takes ETF products as the important direction in the development of stock exchange fund market, striving to development and innovation of inbound ETF products, meanwhile, the SZSE also puts in remarkable effort to the research, development of other market ETF products.