AMP Capital Investors Ltd., a unit of Australia's largest life insurer, plans to raise up to A$330 million (US$250 million) in a public share offering for a fund that will invest in stocks and bonds in China.

The fund, to be managed by AMP Capital, will begin trading on the Australian Stock Exchange before January, the Sydney-based company said in statement yesterday. Final details of the fund are to be confirmed, according to the statement.

AMP Capital in July became the first Australian company awarded a license by the China Securities Regulatory Commission to invest in the nation's securities.

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