Shares in China Higher as Officials Step Up Efforts to Help Investors
Tweet Send to a Friend
iShares FTSE China 25 Index Fund (NYSE: FXI) is expected to open higher on Tuesday, as shares in Hong Kong climbed by 1 percent after China's state-run Xinhua News Agency reported Wednesday that officials will expand the use of the Chinese yuan currency in Hong Kong and promote the offering of new yuan products.
Meanwhile, shares in Shanghai were mostly flat. On Wednesday, China's Financial Futures Exchange cut the margin requirement on stock futures to 12 percent from 15 percent. The restrictions were meant to curb speculation but they also "trimmed efficiency", according to statements from the officials in Shanghai.
Investors interesting in gaining exposure to shares that trade on the Shanghai Index should consider investing in the ETF (NYSE: PEK).The Fund does not invest directly in China A-shares, but intends to gain exposure to the China A-share market by investing in swaps that are linked to the performance of China A-shares.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Meanwhile, shares in Shanghai were mostly flat. On Wednesday, China's Financial Futures Exchange cut the margin requirement on stock futures to 12 percent from 15 percent. The restrictions were meant to curb speculation but they also "trimmed efficiency", according to statements from the officials in Shanghai.
Investors interesting in gaining exposure to shares that trade on the Shanghai Index should consider investing in the ETF (NYSE: PEK).The Fund does not invest directly in China A-shares, but intends to gain exposure to the China A-share market by investing in swaps that are linked to the performance of China A-shares.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Markets Fluctuate on Chatter of Early QE Exit by Fed
- Soros, Others Dump Gold as Metal No Longer 'Safe Haven'
- Hedgies Betting on Lower Gold Prices as Slump Continues (GLD) (IAU)
Create E-mail Alert Related Categories
ETFs
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
