home Latest News China exchange to launch first commodities ETF on Dec. 5 – Hellenic Shipping News Worldwide

China exchange to launch first commodities ETF on Dec. 5 – Hellenic Shipping News Worldwide

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China’s first commodities based exchange traded fund (ETF) is set to be listed and traded on Thursday, the Shenzhen Stock Exchange announced on its website.

The notice said that the Huaxia Feed Soymeal Futures ETF will be listed and traded on Dec. 5, 2019.

The Shenzhen exchange had announced earlier in September that the Huaxia ETF, along with the Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Energy Futures ETF and the Dacheng Nonferrous Metals Futures ETF, is the first batch of ETFs to receive regulatory approval from China Securities Regulatory Commission to be listed on it.

Commodity ETFs focus on either a single commodity or several futures contracts, and typically track commodities futures price indexes.
Source: Reuters (Reporting by Emily Chow; Editing by Rashmi Aich)