The first national debt Exchange Traded Funds in China will be listed next Monday and adopt T+0 trading, which means that investors can sell the funds on the same day they buy them.

Guotai Asset Management Co Ltd made an announcement on Wednesday saying that the ETF will start operating on March 25.

The announcement said that there are a total of 54.23 million shares of national debt ETF available for trading. By March 18, the net asset value was 99.818 yuan.

There are a total of 10,490 holders of the national debt ETF. Institutional investors hold 42.9 million shares of the fund, taking up 79.11 percent of the total amount. The top 10 holders are all institutional investors, including Haitong Securities, Southwest Securities, GF Securities, EverBright Securities Co Ltd.

The current amount of the national debt is about 5.4 billion yuan ($859.69 million), while the related fund amount is 3.2 billion yuan. Experts say that the large amount, combined with the T+0 trading rules will help to enhance trading activity.

shijing@chinadaily.com.cn