China took another step toward diversifying financial markets on Friday, approving trials of same-day "T+0" trading and options trading on certain exchange-traded funds (ETFs).
The moves are seen as helping to protect investors by allowing individuals to quickly exit collapsing stocks and giving them options as a tool to hedge their investments.
Starting Jan. 19, bond-based ETFs, money market ETFs, gold-related ETF and ETFs that cross Shanghai and overseas markets will use the same-day stock trading system, the Shanghai Stock Exchange said in a statement posted on its website.
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