Harvest Global Investments, the investment arm of Hong Kong-based Harvest Fund Management, is poised to unveil the last of the first batch of A-share exchange-traded funds in Hong Kong in mid-October.

The launch of the MSCI China A ETF will utilise the RMB2 billion (US$316 million) renminbi-denominated qualified foreign institutional investor quota it received from the State Administration of Foreign Exchange in China on 29 August 2012. 

Harvest had previously sought a RMB5 billion quota, but the company said that it expects the additional quota to be granted once the ETF has been fully subscribed. According to the firm, this is the first ETF that tracks the MSCI China A Index and is expected to offer the the broadest direct access to China's equity market, targetting as much as 85 per cent.

Harvest Fund Management will act as investment advisor on the RQFII ETF. Annual dividends will likely be distributed in October.