Shanghai and South Korea bourses to cross-list ETFs
May 25, 2021
By Nik Pratt
The exchanges of South Korea and Shanghai plan to launch a scheme that will see the two bourses cross-list their respective ETFs.
The move comes on the back of significant growth in the two ETF markets. According to Morningstar data, ETF assets in South Korea have grown by more than 40% in the last 12 months while China’s ETF market has seen 34% growth in the 12 months from March 2020.
The scheme’s announcement followed a memorandum of understanding (MoU) signed on May 11 by the Shanghai Stock Exchange and Korean Stock Exchange (KRX).