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Actionable news in KWEB: KraneShares CSI China Internet ETF,

KraneShares To Sell Majority Stake To Chinese Banking Giant CICC

The move will give CICC a foothold in the fast-growing but competitive U.S. ETF market. The companies made the announcement today via press release:

China International Capital Corporation Limited (CICC), one of China’s leading investment banking and financial services firms, announced today the signing of a definitive agreement to acquire a majority stake in Krane Funds...