China has approved ETFs based on HK TECH Index

State media reports (via Reuters) that regulators in China have approved domestic fund managers exchange-traded funds (ETFs) based on Hong Kong's Hang Seng TECH Index

This gives further access investor access on the mainland to big tech names such as Alibaba and Tencent

• six Chinese mutual fund managers approved to launch ETFs

TECH tracks the 30 biggest technology companies listed in Hong Kong