Investor Presentaiton
FTSE country classification approach
FTSE Quality of Markets Criteria for the China A-shares Market
CRITERIA
MARKET AND REGULATORY ENVIRONMENT
Secondary
Emerging
China A-share
2015
Formal stock market regulatory authorities actively monitor market (e.g. SEC, FSA, SFC)
X
Pass
No objection to or significant restrictions or penalties applied to the investment of capital
or the repatriation of capital and income
CUSTODY AND SETTLEMENT
X
Not met
Settlement - Rare incidence of failed trades
X
Pass
Custody - Sufficient competition to ensure high-quality custodian services
X
Pass
Clearing & Settlement - T+3, T+5 for Frontier
X
T+0
DEALING LANDSCAPE
Brokerage - Sufficient competition to ensure high quality broker services
X
Pass
Liquidity - Sufficient broad market liquidity to support sizable global investment
Transaction Costs - Implicit and explicit costs to be reasonable and competitive
Transparency - Market depth information / visibility and timely trade reporting process
Pass
X
Pass
X
Pass
Source: FTSE Group as at September 2013
25SE Russell
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