Hong Kong approves leveraged ETFs while warning of risks
Hong Kong
HONG KONG has authorised leveraged and inverse exchange- traded funds (ETFs) in the city, while adding a note of caution to investors.
The Securities and Futures Commission (SFC) on Friday published a circular for ETFs, setting requirements from product naming to market-making arrangements. The regulator also introduced conditions for firms who plan to offer the funds to "protect the interests of the investing public of Hong Kong and to maintain the integrity" of the city's market, it said in the posting on its website.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons