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Some Themed ETFs Suffer in China Regulatory Swoop: FT


A Didi taxi is seen in Shanghai. Chinese regulators are watching all ride-hailing companies closely after the Didi listing controversy. Photo: AFP.

 

(AF) The value of some narrowly focused China ETFs has dropped in the wake of China’s toughened stance on new-economy industries, the Financial Times reported.

Passive funds with exposure to industries caught up in the Chinese crackdown, such as KraneShares CSI China Internet ETF and Global X Education ETF, have suffered significant declines, the report stated. Didi Chuxing, Ant Group and education-linked firms have all been censured by authorities in a wide-ranging swoop by Chinese regulators. Full story: Financial Times    

 

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Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.

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