China Gives Go-Ahead to First Sci-Tech ETF
Liao Shumin
/SOURCE : yicai
China Gives Go-Ahead to First Sci-Tech ETF

(Yicai Global) June 19 -- China has approved the nation's first exchange-traded fund that tracks China's leading science and technology stocks, which may allow investors to hone their tech investment strategies. 

Huabao WP Fund Management's CSI Technology Top ETF, which will track the stocks of 50 leading tech firms, has obtained a permit from the China Securities Regulatory Commission, the regulator said on its website. 

Some of the heavyweights in the fund include Hengrui Medicine, video surveillance firm Hikvision, voice recognition company iFlytek, and cable maker Luxshare Precision Industry.

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Keywords: ETF