Hong Kong: The Investment Fund Industry's Gateway to China
Derecho Internacional Mondaq - Hong Kong Law Articles in English (2008)
Mr Timothy Loh - Timothy Loh
Extract
Hong Kong: The Investment Fund Industry's Gateway to China
For investment managers around the world, the race to capture market share in the People's Republic of China ("PRC") has begun. For anyone doubting the potential of this emerging market for wealth management:
in September and October, 2007, 4 investment funds launched under the Qualified Domestic Institutional Investor ("QDII") scheme raised a combined total of RMB 120 billion (approximately US$16 billion);all 4 issues were heavily oversubscribed, often within th...See the full content of this document