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China authorises 1st JV fund to invest overseas under QDII

(Xinhua)
Updated: 2007-08-02 11:39

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Tan said, "Foreign capital markets are more mature and better regulated, and the long term investment returns in those markets can be quite satisfactory."

Last year, Shanghai-based Hua An Fund Management Co Ltd became China's first fund management firm to be allowed to invest overseas as a pilot QDII, with a quota of US$500 million.

Its first QDII product, launched in November, raised US$197 million and yielded five percent in the following six months.


(For more biz stories, please visit Industry Updates)

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