The second largest bank in Malaysia launched the first China fund
GUANGZHOU (Fund China) – According to “StarOnline” website reports, Malaysia’s second-largest bank Public Bank will be launched first in the 23rd China Fund, and was named “PB China Pacific Securities Fund.”
The new fund will mainly invest in China stock market and in Japan, South Korea, and proper configuration. Public Bank chairman Tan Tan Sri Teh Hong Piow said the new fund will provide investors the opportunity to invest in China, from China’s strong economic growth prospects in the acquisition of return.
China’s investment in the Fund’s assets will not be less than 50%, the highest 98%, will mainly invest in the mainland of China, Hong Kong, the United States and Singapore-listed Chinese enterprises.
Copyright Fund China 2009.
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