Chinadaily / 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.
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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 >>| 1/6 Next