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BIZCHINA / Center
China authorises 1st JV fund to invest overseas under QDII
(Xinhua)
Updated: 2007-08-02 11:39
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Tan said, "Foreign capital markets are more mature and better regulated,
and the long term investment returns in those markets can be quite
satisfactory."
Last year, Shanghai-based Hua An Fund Management Co Ltd became China's
first fund management firm to be allowed to invest overseas as a pilot
QDII, with a quota of US$500 million.
Its first QDII product, launched in November, raised US$197 million and
yielded five percent in the following six months.
(For more biz stories, please visit Industry Updates)
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