The first two Chinese mainland-listed exchange-traded funds (ETFs) tracking the Saudi Arabian stock market have been in hot demand since their debut Tuesday, as investors hunt for high returns amid China’s lackluster stock market.
The ETFs hit the limits on daily price gains both Tuesday and Wednesday. Trading was suspended Thursday until 10:30 a.m. due to relatively high premiums, China Southern Asset Management Co. Ltd. and Huatai-PineBridge Fund Management Co. Ltd., the managers of the two funds announced separately in the morning.
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