Arab Today, arab today londons first chinese money market etf to be traded on lse
Last Updated : GMT 03:43:57
Arab Today, arab today
Arab Today, arab today

London's first Chinese money market ETF to be traded on LSE

Arab Today, arab today

Arab Today, arab today London's first Chinese money market ETF to be traded on LSE

London Stock Exchange (LSE)
London - XINHUA

London Stock Exchange (LSE) Wednesday announced that it welcomed the first London listed Renminbi (RMB) dominated money market Exchange Traded Fund (ETF) -- "Commerzbank CCBI RQFII Money Market UCITS ETF" to be traded on the bourse.
The new ETF is the first to offer both institutional and retail investors exposure to money market instruments which invest in China's inter-bank market. It will be settled in RMB, Great British pound (GBP) and euro (EUR), said LSE in a press release.
The listing is also the first of its type in any European market, noted the bourse. And CCB International Asset Management Limited is acting as its fund manager.
CCB International Asset Management is a subsidiary of CCB International (Holdings) Limited, which is a Hong Kong-based arm of the China Construction Bank.
Jin Xu, Minister Counselor of the Embassy of the People's Republic of China in Britain, said: "Today, we witness a further achievement on building off-shore RMB center in London, which we hope to see more in the future. I do believe, with passion and innovation, the UK can continually play an important role in the RMB internationalization."
Andrea Leadsom, Economic Secretary to the Treasury of Britain said: "The launch of this innovative new product, which will provide further opportunities for British and other global investors to invest directly into China, underscores Britain's position as the western centre for offshore RMB and a global centre for asset management."
Xavier Rolet, chief executive officer at London Stock Exchange Group, said: "This is a landmark listing for London and an important sign of the market's openness to new RMB product development. We are fully committed to supporting the efforts of the Chinese and the UK Governments in developing an off-shore RMB market in London through innovation and partnership."
Data showed that there are currently four RMB Qualified Foreign Institutional Investor (RQFII) ETFs listed on London Stock Exchange and since the first London listing in January 2014, RQFII ETFs have traded over 1.5 billion pounds (or 2.4 billion U.S. dollars) in value.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today londons first chinese money market etf to be traded on lse Arab Today, arab today londons first chinese money market etf to be traded on lse

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 12:30 2017 Friday ,24 February

Norway's Telenor to leave Indian telecom market

GMT 10:17 2017 Friday ,24 February

Dow stands out as global stocks tread water

GMT 16:11 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 16:08 2017 Thursday ,23 February

BHB holds VAT seminar

GMT 13:40 2017 Thursday ,23 February

Muscat Securities Market loses 17 points

GMT 13:18 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 05:51 2017 Thursday ,23 February

Saudi stocks edge up as Brent futures rebound
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday