Monday October 20 2014
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: China
Link: http://www.szse.cn/main/en/AboutSZSE/SZSENews/SZSENews/39753069.shtml
The Shenzhen Stock Exchange (SZSE) promulgated Shenzhen Stock Exchange Implementation Rules on Trading, Subscription and Redemption of Securities Invested Fund, which has systematically classified and integrated the existing rule on trading, subscription and redemption of fund, changing the situation of lack of system of rules on fund trading, subscription and redemption.
Amendments include changes to the definition of the four categories of listed funds, including ETF, LOF, classified fund and close-end fund, which are explicitly defined; ETF has been expanded as non-index fund. Additionally, relevant business scope of trading, subscription and redemption of monetary ETF has been expanded so as to cater the demand of listing and trading of exchange traded monetary ETF. The rules on block trading of fund unit has been defined, and the regulation on using fund unit in the case of fund block trading, bidding, subscription, redemption is specified. Finally, the principle regulation for protection investors has been added.
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