HSBC China Dragon Fund raising funds listed A shares promising
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HSBC Investment Management plans for China equity funds raised 460 million U.S. dollars. will be listed on the Hong Kong Stock Exchange trading.
HSBC China Dragon Fund Friday (July 6) at the Hong Kong public subscription. July 20 at the Hong Kong Stock Exchange officially began trading.
It has been reported that the Fund’s initial 40% to 50% will be invested in mainland China A-share market, and the remaining investment will be included in the Hong Kong-listed shares of other Chinese.
The Fund will be in accordance with the qualified foreign institutional investors (QFII) scheme to the plan identifies 200 million U.S. dollars of the amount.
Launched in mid-2003, the QFII allow foreign institutional investors in the Shanghai Stock Exchange and Shenzhen Stock Exchange investment yuan – denominated securities.
HSBC investment management company, investment adviser, Although the Shanghai composite index from the peak of May has dropped by 17%, but in the long run, the momentum is still rising.
He said that China’s economic growth remains robust, although it repeatedly, but only short-term, In fact, this is a very good investment opportunities.
Copyright Fund China 2009.
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