BEIJING, June 16 (Xinhua) -- Shanghai Stock Exchange (SSE) is moving to promote a faster inclusion of exchange traded funds (ETFs) tracking STAR Market-related indexes into the tradable assets on its fund trading platform, reported Shanghai Securities News on last Thursday.
SSE took the move to proactively channel more social capital into nationally prioritized sectors such as those representing new quality productive forces, according to a person in charge of related business with SSE.
The Shanghai-based bourse is also researching over optimization of the market maker mechanism and after-hours fixed price trading mechanism to better meet the asset allocation demand of investors.
SSE fund trading platform is a funds supermarket-style open trading platform launched in 2005 and by the end of May, there were 80 ETFs tracking the Nasdaq-style sci-tech innovation board (STAR Market) on SSE, with their underlying assets in excess of 250 billion yuan.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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