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A number of Luxembourg UCITS have shown interest for the pilot program that provides mutual trading access between the Shanghai and Hong Kong stock markets (Shanghai Hong Kong Stock Connect). This program offers an opportunity for UCITS to invest into A-shares listed on the Shanghai stock exchange alongside the existing investment schemes (such as QFII and RQFII). The first Luxembourg UCITS was now approved.
Camille Thommes, Director General of the Association of the Luxembourg Fund Industry, said: "Over the past years, the Chinese economy and financial markets have undergone a remarkable transformation and seen significant growth. More specifically, the Chinese equity market has grown to the second largest equity market in the world after the US."
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