Market predicts securities linked to Hong Kong index will be introduced by end of the week

This week is likely to see the introduction of new exchange-traded funds that invest in Hong Kong shares, giving rise to expectations of higher profits among investors, a securities company executive said.

"The funds will debut on the Shanghai and Shenzhen stock exchanges before June 30," Yan Feng, vice-chairman and CEO of Guotai Junan International Holdings Ltd, said on Monday. He said the China Securities Regulatory Commission has approved the introduction.