Archive for September, 2007

China unveils fund to invest forex reserves

From: Financial Times By Richard McGregor in Beijing
China opens a new era of engagement in global capital markets with the launch on Saturday of a sovereign wealth fund designed to invest more aggressively a portion of its swelling foreign exchange reserves.
At a ceremony in Beijing, the China Investment Corp will officially unveil its […]

A-Share Market clutched at straws and rebounded more than 100 points

By Lavender
It was a black Tuesday for China’s stock market on 27th February 2007. The A-Share Market collapsed and clutched at straws to back the share prices. But the market was lighted up by a favorable policy that the news spread among main fund managers and Private Placement Traders. The A-Share markets rebounded after one-day […]

Chinese share prices rebound as fund managers drive up net asset value

Chinese share prices rebounded on Thursday as managers of open-end funds bought stocks of market heavyweights to drive up their net asset value ahead of the third-quarter settlement day on Friday.
An open-end fund is a type of mutual fund that is priced according to its net asset value.
The benchmark Shanghai Composite Index climbed 70.88 points, […]

Shanghai to release social security fund details to public

The Shanghai authorities have pledged to make details about the city’s social security fund easily accessible to the public in the wake of the huge pension fund scandal that brought about the downfall of Chen Liangyu, the city’s party boss.
Bao Danru, deputy chief of the Shanghai Municipal Labor and Social Security Bureau, said information about […]

China AMC QDII fund limit jumps from 2.5 bln USD to four bln USD

China AMC, one of China’s leading asset management companies, announced on Wednesday that it will issue four billion U.S. dollars worth of funds in China on Thursday.
The fund limit given to the Beijing-based company had risen by 1.5 billion dollars in three days, according to a company statement released on Sunday.

QDII fund investment scope extensive

GUANGZHOU (Fund China) - When the first QDII Fund issued, the Chinese fund investors purchase of madness, but in fact, many people do not know what is QDII fund products, there are people who actually believe that the general A-share fund. Today, Fund China will introduce more QDII product knowledge.

China launches another stock-oriented QDII fund

ChinaAMC, one of China’s major fund management companies, has got the nod from the top securities regulator to launch a fund that can buy stocks overseas.
The Beijing-headquartered company has been granted a fund sales limit to 2.5 billion U.S. dollars and is applying for more to the State Administration of Foreign Exchange, according to a […]

China AMC Global Selection Fund was approved

This Fund was China AMC first QDII fund products, Equity funds, intended to raise the scale of 40 billion dollars, will be on September 27 to open recruitment.
GUANGZHOU (Fund China) - China AMC Fund Management Company Ltd. on September 24 announced that its first QDII funds products - China AMC Global Selection Fund has […]

Private Equity Investment in China’s Real Estate Industry

From Victor Chu, Zero2IPO Analyst
With the transfer of the global economic focus and industry, more and more foreign capital is rushing to China’s real estate market in various forms.

Southern Fund 2 billion US dollars QDII additional amount approved!

GUANGZHOU (Fund China) - Tuesday, (Chinese) State Administration of Forgign Exchange Bureau announced, approved a supplementary China Southern Fund Management Co. foreign portfolio investment amount 2 billion US dollars.
Including the previously approved amount, the Chinese State Administration of Foreign Exchange Bureau has approved the Southern Fund 4 billion US dollars of foreign portfolio investment amount.