Opening of the Shanghai Free Trade Zone could be a catalyst that sparks FXI and other China ETFs higher into year end. “A total of 25 companies so far have been approved to start operations in a variety of sectors, alongside 11 financial institutions, most of which are domestic banks but including the mainland subsidiaries of Citibank (NYSE: C),” according to Reuters. Last week, Chinese media outlets reported policymakers there will drop bans on social media sites as Facebook (NasdaqGM: FB) and Twitter withing the FTZ.
iShares China Large-Cap ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of FXI.