Printer Friendly

-Hang Seng Bank launches yuan denominated gold ETF.

Global Banking News-January 30, 2012--Hang Seng Bank launches yuan denominated gold ETF(C)2012 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 30 January 2012

Hong Kong's Hang Seng Bank Limited (0011.HK) (OTC: HSNGY) is planning to launch the country's first yuan-denominated gold exchange-traded fund (ETF) in the coming weeks.

The proposed fund will be the first yuan-denominated ETF in Hong Kong, Hang Seng Bank said in a statement, adding that the ETF will be listed on the Hong Kong Stock Exchange in February.

The ETF, which will provide the returns in yuan, will monitor the performance of the London Gold Fixing Price in US dollars.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
COPYRIGHT 2012 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Jan 30, 2012
Words:129
Previous Article:-Malaysia's CIMB Bank positive about new Indonesian banking regulations.
Next Article:-India's Allahabad Bank reports fiscal results.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters