GUANGZHOU (Fund China) - The China Insurance Regulatory Commission formally announced “the provisions on the securities investment fund management companies that set up offices in HongKong”, The men in this industry believes that the “provision” will meet mainland companies’ needs of setting up offices and carrying out business in HongKong, and taken an important step forward Internationalization, which make a great significance in the QDII business.

In the past decade, the fund industry of mainland had achieved a rapid and stable development, which produced an extensive and positive influence on the change of financial management concepts, development of capital market, innovation of financial system and the social security system, fund industry has become an important component of China’s financial system. At present, there are 60 fund management companies in mainland, whose asset is up to 3.5 trillion, the employees are more than 6,000 and the investors are up to 160 million.

The “provision” can meet the needs of this companies, and it will actively promote the progress of mainland companies set up institutions in Hongkong.

Copyright Fund China 2008.

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