China Post has listed its first ETF and its Japanese. In Germany.

Hong Kong-based China Post has listed a new smart beta Japan ETF that tracks the iSTOXX MUTB Japan Quality 150 Index.

The index screens the largest 600 Japanese companies for high profits and low debt. The ETF has been listed on the Deutsche Börse's Xetra and Frankfurt exchanges.

This is the first ETF launched by China Post since acquired its ETF business from the Royal Bank of Scotland last year. It will be followed by two Chinese Equity smart beta ETFs scheduled for launch late 2017, the company says.

Explaining why China Post chose to launch a Japanese ETF as its first, a press release from the company said the "ongoing stimulus and reform programme of Prime Minister Shinzo Abe" made its corporates attractive.

The ETF will also be listed on SIX Swiss Exchange, and registered in Austria, Germany, Italy, Netherlands, Switzerland and UK.