xi's moments

Top 6 Chinese asset managers receive nod for hybrid funds

chinadaily.com.cn | Updated: 2018-06-14 06:45

E Fund Management Co Ltd and other five Chinese asset managers have received regulatory approval to float three-year hybrid funds, according to the China Securities Regulatory Commission.

These hybrid funds will focus on unicorn companies listed in overseas market, which is an indication of the further opening-up of China's financial industry.

The funds will mainly invest in Chinese Depository Receipts of the listed Chinese startups with a valuation in excess of $1 billion, treasury bonds, local treasury bonds and AAA-rated corporate debt.

Individual investors can subscribe to the funds between June 11 and June 15, and institutional investors on June 19, according to industry insiders.

Let's take a look at who are the top 6 Chinese asset managers.

E Fund Management Co Ltd

People visit the stand of E Fund Management Co Ltd during a fair in Guangzhou city, South China's Guangdong province on June 21, 2014. [Photo/IC]
1 2 3 4 5 6 Next   >>|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349