Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:China May Open Door for Bank Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, February 22, 2005

China May Open Door for Bank Funds

by: Sean Hanna, Editor in Chief

Fund firms seeking opportunities in China have a longer list of possible partners under a new rule issued by China's central bank, reports Reuters.

The Chinese authorities posted rules on its Web site that would allow commercial banks to form mutual funds. The rules would specifically allow banks to invest in money market instruments and bonds during an initial trial period. Later, they rules could change to allow bank to invest in more risky securities, presumably stocks.

U.S. firms seeking entry to the Chinese fund market must partner with a local firm. The new rules would open the possibility of additional alliance partners for the U.S. firms. The Chinese fund industry is still emerging and holds just $36 billion in assets, according to Reuters.

Merchants Bank, Minsheng Banking Corp. and Pudong Development Bank are mentioned by Reuters as banks interested in offering mutual funds.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use