"China's Interbank Bond Market is the third largest in the world with a market size of $7.9 trillion2, yet international investors have limited exposure to it. Through our CIBM license we can deliver efficient access to this growing market," said Jonathan Krane, CEO of KraneShares.
In addition to receiving its CIBM license, KraneShares is also a participant in the U.S. Chamber of Commerce's CFO Advisory Council, which serves as an advisor to the Working Group on U.S. RMB Trading and Clearing Chaired by Michael R. Bloomberg. The Working Group focuses on advancing the channels to trade China's currency in the United States.
About Krane Funds Advisors, LLC
Our suite of China focused ETFs provide investors with solutions to capture China's importance as an essential element of a well-designed investment portfolio. We provide innovative, first to market strategies that have been developed based on our strong partnerships and our deep knowledge of investing. We help investors stay up to date on global market trends and provide meaningful diversification.
About China Construction Bank (CCB)
CCB is the fifth largest commercial bank in the world with a market capitalization of $173.3 billion as of 12/31/20153. CCB provides a comprehensive range of commercial banking products and services including corporate banking, personal banking, and treasury operations. CCB has an extensive customer base, with established banking relationships with many of the largest business groups and leading companies in industries which are strategically important to China's economy.
- Data from the People's Bank of China as of 11/30/2016
- Data from the Bank for International Settlements as of 6/30/2016, accessed 11/30/2016
- Data from CCB.com retrieved 01/13/2017
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kraneshares-expands-access-to-chinas-mainland-bond-market-300392284.html
SOURCE Krane Funds Advisors, LLC