TAIPEI, March 12 Taiwan's will launch an
exchange-traded fund platform for investors to trade in mainland
China stocks this year, the chairman of Taiwan's Financial
Supervisory Commission said in a statement to lawmakers
The proposed ETFs would allow Taiwan fund managers to invest
in Chinese stocks under the mainland's RQFII program, or the
renminbi-qualified foreign institutional investor scheme, which
permits overseas investors to use renminbi deposits at financial
institutions to invest in Chinese securities.
The president of Taiwan's Stock Exchange had previously told
Reuters he expected the ETFs would be launched in the first half
The passage of the ETFs is largely contingent on the passage
of a trade-services pact between Taiwan and Mainland China,
which has been held up in Taiwan's legislature on concerns over
its impact on local industry.
(Reporting by Emily Chan; Writing by Michael Gold; Editing by