HK and Taiwan move closer to cross listing of ETFs

Hong Kong's Securities and Futures Commission and the Taiwan Financial Supervisory Commission have moved closer towards a common goal of cross listing exchange-traded funds (ETFs). The move is expected to help deepen the demand for ETFs, and pave the way for other exchanges to take their cue from Hong Kong and Taiwan. The two regulators have signed and exchanged a side letter containing additional details to a bilateral memorandum of understanding, which will facilitate cross listing…