2011-08-19 10:56

HONG KONG - Exchange Traded Funds (ETFs) will attract investors from the Chinese mainland, Hong Kong's Secretary for Financial Services & the Treasury KC Chan said on Thursday.

Speaking to the media after attending a radio program, Chan said that the ETFs offer a real choice for mainland investors who are interested in buying in the Hong Kong market through a means that is accessible to them in their own market.

"We are putting Hong Kong stocks listed as an ETFs on their own market, so they have access to them in their market daily, day in, day out, while they are investing in Hong Kong stocks. I believe they will have a certain attraction to these investors," Chan said.

ETFs, being part of a packages of measures unveiled by visiting Chinese Vice Premier Li Keqiang on Wednesday, is considered crucial to Hong Kong equity market, which has been serving as the key capital-raising platform for mainland companies, but the date was not announced yet.

Chan said fund-management companies approved by the Chinese securities regulator will be running the ETFs.