Buying RMB ETF on HKEX

[touzi]

As a Singapore citizen & resident, is there any restriction / issues on buying an RMB ETF such as this? Checking with DBS Vickers & OCBC Sec but don't know how long they'll take to reply.

If it is traded on HKSE it should be no problem to buy. If your broker doesn't reply, you should just go online and try buying. Please note that local brokers will charge a monthly custody fee.

For this ETF, there is also a HKD counter (HK:03100). Trying to understand how the forex exposure works if I buy the HKD version of the ETF. Suppose I buy the HKD counter today at an exchange rate of RMB 1: HKD 1.2. One month later the RMB appreciates, exchange rate is RMB 1: HKD 1.5. Assuming no change in the RMB price of the ETF, does it mean that the HKD price should go higher to reflect the exchange rate difference?

If the component stocks are mainland listed, then the HKD ETF price must reflect the exchange rate.

BTW, have you consider ETF of mainland companies listed in HK instead (H-shares)?