QDII Fund Management Companies

November 01, 2007 | BY

clpstaff

By Hubert Tse and Sandra [email protected]; [email protected] the Trial Measures for the Administration of Overseas Securities Investment…

By Hubert Tse and Sandra Lv

[email protected]; [email protected]

Since the Trial Measures for the Administration of Overseas Securities Investment by Qualified Domestic Institutional Investors (Trial QDII Measures) were issued by the China Securities Regulatory Commission (CSRC) on June 18 2007, four fund management companies (FMCs) have launched their QDII fund products with a total quota of US$20 billion as approved by the State Administration of Foreign Exchange (SAFE). These include China Asset Management's China Enhanced Global Equity Fund, Harvest Fund Management's Harvest Overseas China Stock Fund, China International Fund Management's China International Asia-Pacific Advantage Stock Fund, and China Southern Fund Management's Southern Global Enhanced Balanced Fund, which Yuan Tai advised on. Yuan Tai is also currently advising 10 other FMCs on their QDII investments.

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