The ETF was listed on the Shanghai Stock Exchange on Friday with assets under management of 252 million yuan ($40 million)

The two bourses signed a MoU in December to develop a connection allowing investors in Singapore and China to access feeder ETFs

Investors should favour stocks in the MSCI China and MSCI Hong Kong indices over global benchmarks, BCA Research analysts said

In the Asia-Pacific region, assets under management increased by 15.9% in the first three quarters of last year, up from 11% in 2020

Shenzhen Stock Exchange and Singapore Exchange will jointly develop and promote ETF markets in Singapore and China through cross-border investments, the bourses said

The average fund recorded was just 690 million yuan due to intense competition for investment, Shanghai Securities News data show

ChinaAMC MSCI China A 50 Connect, E Fund MSCI China A 50 Connect ETF and China Universal MSCI China A 50 Connect ETF were among the top 15 globally for net inflows in November

The group, which has $82.9 billion under management, said chief financial officer Kirsten Morton would become interim CEO

US group's first exchange-traded funds tracking China's mega-cap index began trading on Monday. Armed with over $4 billion, they are set to rival the FTSE China A50.

Shares in the Paris-based asset management group dropped 2.7% despite its quarterly profit beating estimates

Deputy general manager of China Asset Management had more than 15 years' experience in the securities industry

Share fall follows People’s Bank of China official warning that some overseas securities institutions have not obtained domestic licences.