From: Shanghai Securities News
Compiler: http://www.fundcn.org

Yesterday was the “qualified foreign institutional investors in the territory of the securities investment management pilot scheme,” the first day of implementation, a number of fund management companies, the first time the Corporation to file a QDII (Qualified Domestic Institutional Investor) program products, investment out of the sea for the first departure.

Reporter yesterday evening from some fund companies that, Huaxia, the South, Huabao industry five fund management companies yesterday submitted a QDII products, and the management of waiting for the final approval views.

South Fund deputy general manager of the company, disclosed yesterday Xu Xiaosong, South Fund has been prepared long program QDII products submitted to the SFC. But the final results “will have to wait some time.” It is understood that the South Fund and the United States Prior to signing Mellon Group, cooperate in the development of QDII products and the Global Fund to provide professional guidance to choose, the company is only the first QDII product to active-fund products, plans to issue a scale from 800 million to 1 billion U.S. dollars, and on the overseas market fund and the Hong Kong stock market, and so on.

In addition to the South Fund, yesterday also submitted to the SFC QDII products program Huabao industry, Huaxia Fund and three other companies have not submitted their QDII like to make the evaluation.

Fund enthusiastically declared, brokerage firms prepare for the warm QDII has been no reduction.

Several brokerage firms yesterday in an interview with reporters, said the QDII prepared to enter a war situation. related to the ongoing trial reported, First, as soon as a suitable opportunity to launch related products.

It is understood that in the asset management business achieved good results over the Everbright Securities. Guoxin Securities and investment are a number of brokerage firms to meet the requirements of the brokerage firms. They said, has already begun to declare their eligibility QDII.

“Companies are preparing material, and next week is, the administration declared.” Everbright Securities official said.

Guoxin Assets Management Ministry official also said Jiang Guoyun, Guoxin of the preparation of the basic business has matured, currently under way in accordance with the relevant requirements of the SFC investigation left default, first suitable opportunity to launch related products.

China Merchants Securities Asset Management Ministry official said Zhang Yu-ping, very supportive of investment securities regulatory authorities to promote the QDII business decisions, are also eligible to obtain.

Copyright Fund China 2008.

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