New China ETF arrives on LSE

London Stock Exchange reports the arrival of a new China-focused ETF (exchange-traded fund) from ICBC Credit Suisse Asset Management (International) Company Limited (ICBCCS). The ICBCCS WisdomTree S&P China 500 UCITS ETF is the tenth renminbi qualified foreign institutional investor ETF to list on the LSE the third RQFII product to launch in 2016.

Pietro Poletto, head of ETF and Fixed Income Markets, LSEG, said: “London is the world’s most international financial market and has established itself as the leading offshore centre for RMB-denominated products. Chinese issuers are increasingly looking to access European investors and today’s listing is the tenth RQFII ETF listed on London Stock Exchange and the third already this year.”