China Southern Fund to the products of QDII only remaining management of a paper licenses. Deputy general manager of China Southern Fund Xu Xiaosong said yesterday, including the legal documents prepared QDII products have all procedures in place, in the hope of the management in September was approved.

Xu Xiaosong an interview with reporters yesterday, said that China Southern Fund QDII eligible for a grant, the QDII products company filings made great progress. He explained to reporters, pointing out the tremendous progress China Southern Fund QDII system for the trading of products, technology, equipment and other products, as well as background preparation of legal documents are all ready, no QDII products approved the obstacles, and only granted to the question of time.

He said that China Southern Fund and the management QDII products has been many exchanges. While management has yet to China Southern Fund’s QDII products to express their views. But Xu Xiaosong said that if everything goes smoothly, they hope the management of the year in September changed China Southern Fund’s QDII products. In September he is a more reasonable time. With China International Fund Management Co., the same area after China International Fund Management Co. Fu Fan, deputy general manager also expressed the hope that the first QDII products only in this September or October launch.

Now, the qualifications obtained QDII four fund companies have shown the interest in the Hong Kong stock market, individual QDII products have locked Hong Kong stocks. Market analysts believe that H-shares in Hong Kong and the mainland A-share gap between obvious that the QDII products is a major attraction. According to industry estimates, the A shares in 2007, in 2008 the average price-earnings ratio of 34 times and 28.1 times, while H-shares corresponding to 16.6 times, 14.2 times cheaper than A shares, nearly half, which would inevitably lead to mainland investors.

Insiders said that while the A-share and H-share listing, but the H-share price than A shares are significantly discounted; The A-share market scarce telecommunications and energy stocks; In the global has certain influence on the Hong Kong blue chip QDII will have a greater attraction.

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Fund QDII big business for them
Fund QDII both opportunities and challenges

Copyright Fund China 2008.

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