Trust firms regain interest in QDII launches
Chinese trust companies are expecting the regulator to broaden the range of securities they are permitted to invest in, until they are eventually on a par with fund managers and securities firms.
In anticipation of a regulatory move to expand their narrow investment horizon, Chinese trust companies have regained interest in launching qualified domestic institutional investor (QDII) products.
Just last week, Hwabao Trust initiated a QDII strategy focused on closed-end funds in Hong Kong, while several other trust firms are understood to be readying similar launches.
Hwabao was the last trust company to receive a QDII quota from the State Administration of Foreign Exchange…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.