Fortis China fund expects first QDII fund to hit $500 mln

September 5, 2007

fortis.jpgSo far, a handful of Chinese fund management companies have received preliminary clearance to sell products holding overseas stocks to mainland Chinese investors.

Fortis Haitong Investment Management — a Chinese fund management joint venture co-owned by Belgian-Dutch financial services group Fortis — is among the first batch and expects its maiden Qualified Domestic Institutional Investor (QDII) fund to hold assets of at least US$500 million, Tian Rencan, the JV’s chief executive, said at the China Century Summit.


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