Foreign and domestic investors can now access China’s A share market through the ChinaAMC MSCI China A ETF, the first ETF on the Shanghai Stock Exchange to track the MSCI China A Index.
The ETF began trading on 25 March between RMB1.092 and RMB1.118 per unit on the first day of trading and closed at RMB1.108 per unit. Approximately 2,001 million units of the ETF changed hands, representing a total turnover of approximately RMB2,213 million on its trading debut.
With China’s stable economic growth and intensified participation of qualified foreign institutional investors (QFII), the China stock market has become more active in recent years. ChinaAMC MSCI China A ETF offers a more comprehensive and direct investment option to those foreign and domestic investors for tracking A share market movement.
MSCI China A Index tracked by the ETF covers both Shanghai and Shenzhen stock markets and is constructed in accordance with the methodology widely adopted by international investors, and reflects the movement of China’s equity market. The index’s 518 constituents represent approximately 65 per cent of the market capitalisation of the China stock market. The index is, therefore, the most accurate benchmark in reflecting A share market performance. MSCI China A Index offers investors a broad and diverse investment decision supporting tool to analyse the opportunity set of the A share market.