“No one else has done it and I don’t believe anyone else will,” Paul Weisbruch, vice president of ETF/options sales and trading at Street One Financial LLC, said in the article.

Currently, VTL is working through the regulatory red tape required to be listed on Chinese exchanges.

“Because of the difference of financial policies and legal systems between China and America, we still have a lot of work to do,” Yulong Wang, chairman of Suzhou Industrial Park Kaida Venture Capital, the private-equity firm backing the venture.

For more information on the ETF industry, visit our current affairs category.

Max Chen contributed to this article.