CSRC slip-up fuels cross-border ETF speculation

China’s securities regulator has added uncertainty to the long-awaited birth of cross-border exchange-traded funds by posting and then quickly removing an ETF application by E-Fund. On February 7, the China Securities Regulatory Commission (CSRC) published its regular weekly update of the application and approvals schedule for mutual funds on its website. That list initially included E-Fund’s application for its Hang Seng China Enterprise Index (HSCEI) ETF and feeder fund, which…