Economic Calendar

Thursday, January 29, 2009

Hong Kong, Shanghai Studying Hang Seng Exchange-Traded Fund

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By Hanny Wan

Jan. 29 (Bloomberg) -- Hong Kong and Shanghai’s stock exchanges are considering the introduction of an exchange-traded fund in the Chinese city that will be based on members of the Hang Seng Index.

Officials from Shanghai’s exchange will visit Hong Kong in coming weeks to discuss products based on the Hang Seng Index, Paul Chow, chief executive of Hong Kong Exchanges & Clearing Ltd., told reporters.

To contact the reporter on this story: Hanny Wan in Hong Kong at hwan3@bloomberg.net




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