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Shanghai launches ETF option products

THE Shanghai Stock Exchange (SSE) on Monday launched two option products that will be linked to an exchange-traded fund (ETF) tracking the 50 biggest stocks on the Science and Technology Innovation Board (STAR) market, in what experts said will enhance investor confidence, increase market vitality and provide more channels for investors to participate in the STAR market.

According to cnr.cn, the SSE launched the two products on Monday after approval by the China Securities Regulatory Commission. This is the first new stock option variety launched amid the registration-based initial public offering (IPO) system.