The main aim at the Hong Kong stock market.

GUANGZHOU (Fund China) - Following two QDII funds the Southern Configuration Global Select Fund, China AMC Global Selection Fund issued, the first joint venture fund company only QDII products – Harvest Overseas Chinese Equity Fund on October 9 at the beginning. This major investment in the Hong Kong stock market shares of domestic third QDII funds QDII products, is the first major investment made a clear-cut Hong Kong stock market QDII products.

According to briefing, Harvest Overseas Chinese Equity Fund approved to raise the level of 4 billion US dollars, about 30 billion yuan, fund managers will apply for additional lines according to the circumstances. At 16:00 on October 8 after Harvest online trading system has been open online subscription. Harvest Overseas Chinese Equity Fund online subscription for the minimum amount of 5,000 yuan. The other new fund with a similar, the fund will use the end of the placement, the investors may not fully subscribe for funds to purchase this QDII funds. Meanwhile, Harvest online tranding system using the “+ subscription application” in the form of investors submitted applications, can also opt for “placing the remaining funds,” an arbitrary application Harvest’s other funds, both allocated funds to save time.

Harvest Overseas Chinese Equity Fund fund managers Li Kai said, and before China AMC and China Southern Fund QDII product positioning in the global markets, since Harvest will be available from the date of concerns eyes to the Hong Kong stock market, as well as in Singapore and the United States listed the main business income of at least 50% since China’s listed companies. Currently, the total stock market capitalization of China’s offshore 2.6 trillion US dollars, close to the Chinese A-shares market value of the total market, of which more than 90% concentrated in Hong Kong equities, which is a huge, it can provide a wide range of choices to investors the investment target. Apart from the Hong Kong listed H-shares, red chips, listed in the United States also includes the N-shares listed in Singapore and the S-shares. Stock investment ratio of flexibility, in addition to the Hong Kong stock market will invest in Singapore and the United States market, with greater choice. Currently there are 1,250 shares for stock options. They would not have been concentrated in relatively large gains on the stock.

Why these issues QDII will be the Hong Kong stock market as a major investment target? Li Kai, the following are the main reasons for this are: First, is not only the recent strong performance of the Hong Kong market in the United States and Singapore, the market performance of China’s listed companies is also very good, in this context, relatively familiar with the investors, most of China’s listed companies on the Hong Kong market, the most obvious benefit.

Second, the Hong Kong market is larger gains from the global view, the Hong Kong market valuation levels remain relatively reasonable, part of the assets remain undervalued. The market rose from promoting these factors, in the future a long time still no fundamental change, so they right in the Hong Kong market some confidence in quality assets.

Copyright Fund China 2009.

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