男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
   

Fund management firms to invest in overseas stock markets

(Xinhua)
Updated: 2007-07-31 11:31

Two Chinese fund management firms are planning to focus their overseas investments on stock markets, after domestic fund management firms were allowed by China's securities watchdog earlier this month to follow commercial banks into overseas securities.

The move would teach domestic fund management firms how to invest globally and help alleviate the pressure of soaring foreign exchange reserves on China, said analysts.

China Southern Fund Management Co Ltd, approved last week as a qualified domestic institutional investor (QDII), will select 48 countries and regions for its portfolio, with initial investments targeting shares listed in Hong Kong and global funds.

Related readings:
 Southern Fund wins nod to invest abroad
 Banks use only 26% of QDII quota in 1st half
 Insurers to be allowed to increase overseas investment

Southern Fund, based in the southern city of Shenzhen, expected to launch its first QDII product in one or two months with a quota of US$1 billion, said company general manager Gao Liangyu.

China Asset Management Co Ltd (China AMC) would also have its first QDII product focus on overseas stock markets, including developed markets in the United States, Europe, Japan and Hong Kong and in some emerging markets, the Shanghai Securities News reported on Monday.

A maximum of 30 percent of the Beijing-based firm's quota would be channeled into the stock market in Hong Kong, while a smaller part would fund overseas bond purchases.

The investment strategy of the two firms will be different from that of the commercial banks, which mainly invest in international money markets, bond markets or a single stock market.

As share values in China's markets continue to rise, "diversified investments around the globe are the only way to reduce risks", said Xie Weihong, director of the international department of Southern Fund.

Global investments would also enable domestic investors to benefit from world economic growth, said the report, citing figures from Morgan Stanley, showing the A-share market yielded an annual average rate of 45 percent over the past three years, while returns were even higher in the markets in Egypt, Argentina and Indonesia.

Investing in countries whose currencies were expected to appreciate against the yuan would help investors evade exchange losses, it added.

Southern Fund has signed an agreement with US-based Mellon Financial Corp., a US-based global financial services company, to co-develop the first QDII product, while China AMC has chose the US-based T. Rowe Price as its consultant for overseas investment.


(For more biz stories, please visit Industry Updates)

      1   2     


主站蜘蛛池模板: 尚义县| 平利县| 荣成市| 仙桃市| 武功县| 林周县| 西林县| 星子县| 五家渠市| 老河口市| 孟连| 华阴市| 托克托县| 毕节市| 潜山县| 海宁市| 福安市| 呼玛县| 阿鲁科尔沁旗| 义马市| 兰溪市| 嘉定区| 东城区| 遂平县| 涞水县| 三穗县| 陈巴尔虎旗| 三都| 儋州市| 清苑县| 长泰县| 钟祥市| 淳化县| 庆阳市| 曲阳县| 甘南县| 兴化市| 柘荣县| 漳州市| 鸡泽县| 涞水县| 尼玛县| 兴宁市| 肇源县| 民乐县| 黄山市| 深水埗区| 湘潭县| 沁水县| 西充县| 石景山区| 灵川县| 犍为县| 扎赉特旗| 巨野县| 宜宾县| 聂拉木县| 开远市| 江城| 宁夏| 留坝县| 横山县| 上思县| 凤台县| 太湖县| 扬州市| 社会| 德兴市| 望都县| 泰和县| 大埔区| 安丘市| 昌江| 临沭县| 濮阳市| 登封市| 姚安县| 武威市| 同仁县| 四川省| 石城县| 太康县|