Shares in China Higher as Officials Step Up Efforts to Help Investors
Tweet
Share
E-mailGet Alerts FXI Hot Sheet
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Texas Stock Exchange wins first primary listings with TCBI’s ETFs
- Crude Inventory Rose 17.2 Million Barrels Last Week - EIA
- Natural Gas Inventory 36 bcf vs 31 bcf Expected
Create E-mail Alert Related Categories
ETFsSign 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!
