{"id":1680920,"date":"2022-10-10T04:52:03","date_gmt":"2022-10-10T08:52:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1680920"},"modified":"2022-10-10T04:52:36","modified_gmt":"2022-10-10T08:52:36","slug":"chinese-regulator-gives-greenlight-to-fund-targeting-korean-chipmakers","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-regulator-gives-greenlight-to-fund-targeting-korean-chipmakers\/","title":{"rendered":"Chinese regulator gives greenlight to fund targeting Korean chipmakers"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchinese-regulator-gives-greenlight-to-fund-targeting-korean-chipmakers%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1680920&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>SHANGHAI (Reuters) \u2013     China\u2019s securities regulator has given the greenlight to the country\u2019s first mutual fund targeting top Chinese and South Korean chipmakers, an official at Huatai-PineBridge Fund Management Co said, amid an escalating Sino-U.S. tech war.<\/p>\n<p>The China Securities Regulatory Commission\u2019s approval comes amid heightened geopolitical tensions between the world\u2019s two largest economies. The Biden administration published a sweeping set of export controls on Friday, seeking to hobble China\u2019s chip industry. Huatai-PineBridge made the  application for regulatory approval on Aug. 9.   <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The exchange-traded fund (ETF) will invest in top Korean semiconductor firms including Samsung Electronics Co and SK Hynix Inc, as well as Chinese chipmaking giants such as Semiconductor Manufacturing International Corp and Montage Technology Co.<\/p>\n<p>\u201cThe Chinese and Korean semiconductor industries are expected to be closely integrated,\u201d creating synergies, Huatai-PineBridge said in prepared marketing material for the ETF, whose launch date has not yet been determined.<\/p>\n<p>The fund will also benefit from China\u2019s accelerated pace towards tech self-sufficiency amid U.S. sanctions, according to the marketing material, which mentioned the U.S. blacklisting of China\u2019s Huawei Technologies Co Ltd, and the recently enacted CHIPS and Science Act.<\/p>\n<p>In 2021, South Korea was China\u2019s second-biggest exporting country in equipments, including chipmaking tools, and Chinese exports to South Korea have also been rising, the fund manager said.<\/p>\n<p>South Korea said on Saturday there would be no significant disruption to equipment supply for Samsung and SK Hynix\u2019s existing chip production in China from the U.S. move. <\/p>\n<p>The new U.S. export controls are an abuse of trade measures, China\u2019s foreign ministry spokesperson Mao Ning said on Saturday.<\/p>\n<p>The newly approved ETF will track the CSI KRX China-Korea Semiconductor Index. <\/p>\n<p>The index was launched as part of a broader cooperation agreement signed last year between the Shanghai Stock Exchange and the Korean Exchange (KRX) to promote cross-border investment between the two markets.<\/p>\n<p> (Reporting by Samuel Shen and Brenda Goh; Editing by Ana Nicolaci da Costa)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/chinese-regulator-gives-greenlight\/attachment\/file-photo-china-securities-regulatory-commission-csrc-building-in-beijing\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI990EH-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI990EH-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SHANGHAI (Reuters) \u2013 China\u2019s securities regulator has given the greenlight to the country\u2019s first mutual fund targeting top Chinese and South Korean chipmakers, an official at Huatai-PineBridge Fund Management Co<\/p>\n","protected":false},"author":66,"featured_media":1889647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1680920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/tech\/chinese-regulator-gives-greenlight\/?utm_source=rss&utm_medium=rss&utm_campaign=chinese-regulator-gives-greenlight","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1680920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1680920"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1680920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889647"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1680920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1680920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1680920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}