Japan and China have signed an agreement for a program that will make it easier for investors to buy exchange-traded funds listed in each other's markets.
Under the program, a Japanese or Chinese firm would create an ETF that mainly invests in the other country's listed ETFs, the Japan Exchange Group Inc. and Shanghai Stock Exchange said in a joint statement Monday.
Nomura's asset management unit will partner with China Asset Management to participate in the project, Nomura Holdings Inc. said separately.