皇冠体育app approved the introduction of its first exchange-d fund for government bonds as policy makers seek to expand the nation's debt market.
The fund, to be run by Guotai Asset Management Co, will be listed on the Shanghai Stock Exchange and benchmarked against an index of five-year government bonds, according to a statement posted to the 皇冠体育app Securities Regulatory Commission's website on Tuesday.
The fund will be "a bridge" that allows individuals to invest in government debt traded on 皇冠体育app's interbank market, which they are now barred from.
皇冠体育app Daily - Agencies