By Wei Wen

GUANGZHOU (Fund China) - Same as fund products, QDII funds and domestic A-share funds compared to some risks are two funds that may exist, such as the investment risk of market volatility, fund management risk and so on. However, because QDII products investment in the number of overseas markets, the overseas markets and the domestic market is not the same market environment and regulatory environment. So there may be some specific offshore market risks. These risks include tax policy risk, exchange rate risk, liquidity risk, and so on.

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China is likely to allow financial institutions to invest individual pension funds in more fields with market risks, including securities fund products, in a bid to increase their value, a Ministry of Labour and Social Security (MLSS) official has revealed.

The authorities have completed the procedure of soliciting public opinions and will submit a draft to the State Council soon, said Chen Liang, a MLSS department director.

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By Sapientia (Fund China editor)

GUANGZHOU (Fund China) - Deposits move more, making banks increasing emphasis on intermediate business income, the Fund Marketing become the number one target banks.

It is learned that the Fund Distribution past two years, banks become more important in the personal business of a source of income. Recently, the Industrial and Commercial Bank of sales agency funds by 27 to 47. Many customers purchase funds, the fees to the bank considerable. Currently, the Fund for ICBC customers have more than 2 million, and this figure is still rising accelerated.

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GUANGZHOU (Fund China) - Wang Guowei: Hua’an Fund investment director

The fourth quarter investment or even next year, we tend in large areas there will be more consumer services such as inputs like banks, consumer goods, we feel that these services may be the next category of the uncertainty corporate profits will be relatively strong, it means that volatility will be relatively small, and it does inside is accounted index (cases) a relatively high industry, we feel that this is a key concern, and we have to pay attention to investment in the state’s macroeconomic policy changes, for instance, now on the formulation of energy saving and environmental protection, or on a larger voice, I think this may be some companies in some industries is a very good opportunity, there is the appreciation of the renminbi this main line from the changes in the industry, this will concern some more.

A interview with HSBC Investment Management Asia Pacific Chief Executive Officer Rudolf Apenbrink. HSBC Jintrust Fund is actively preparing for the launch QDII business.

GUANGZHOU (Fund China) - HSBC Investment Management Asia Pacific Chief Executive Officer Rudolf Apenbrink recently in Shanghai for a visit, said that China will be the next global asset management industry in the most rapidly growing one of the A-share market is still optimistic about the medium and long-term prospects. And that was after regulatory approval, HSBC Jintrust Fund companies will soon launch QDII business, for which the company is actively preparing.

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By He Ping

GUANGZHOU (Fund China) - Pension insurance individual accounts is expected to further expand the scope of investment to fund, financial bonds, and other products. According to China Securities News reported that the “personal accounts pension fund investment Interim Measures,” recently completed consultation, will be submitted to the State Council, if passed, is expected to raise operating capital through pension insurance carriers personal investment accounts capacity. It is learned that the current pension insurance fund major individual accounts invested in bank deposits and treasury bonds.

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The stock market rebounded for a second day yesterday, with analysts predicting it will climb to the pre-correction levels of a week ago.

The benchmark Shanghai Composite Index yesterday rose 69.72 points, or 1.21 percent, to close at 5843.11 points, with losing stocks outweighing gainers by 628 to 249. The indicator surged to 5906.69 points before it closed slightly down. Turnover on the Shanghai exchange totaled 102 billion yuan, down 7 percent from the previous day.

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The yuan broke through the psychologically important mark of 7.5 against the US dollar yesterday, a post-revaluation high, but analysts said it does not indicate a stronger momentum in yuan appreciation.

The People’s Bank of China set the central parity rate of the yuan at 7.4938 against the dollar yesterday morning. The previous historical high since China de-pegged the yuan from the dollar on July 21, 2005 was 7.5006, touched on October 8.

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By Sapientia (Fund China editor)

GUANGZHOU (Fund China) - Fund managers generally felt that the fourth quarter will tend to moderate the currency market, but easy to increase the level of interest rates, but it is difficult decline.

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GUANGZHOU (Fund China) - Citibank (China) Co., Ltd. announced yesterday issued a new multi-currency RMB and other investment Valet offshore financial products - Schroeder Global Fund Series. The series includes six yuan to the dollar or dollar purchase funds, five euros funds, two yen funds and two Hong Kong dollar funds. This makes Citibank became the first in China to launch RMB Valet number of offshore financial products overseas mutual fund investment bank.

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