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Singapore ETF link to Shenzhen to debut next month

Mainland Chinese investors seen as keen to diversify assets offshore

A Singapore exchange-traded fund will give domestic investors exposure to one of China's main tech bourses.   © Reuters
ECHO WONG, Nikkei staff writer | Singapore

HONG KONG -- Singapore is to get a first exchange-traded fund giving investors exposure to Chinese tech stocks via a similar vehicle in Shenzhen.

The ETF created by Singapore's UOB bank will list in the city-state on November 14. It will invest in the Shenzhen stock exchange's ChiNext market for high-growth tech companies.

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