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HSBC China Fund To Add Products
汇丰控股的中国基金的风险to expand its product line over the next five years.
The China fund venture ofHSBC Holdingsis looking to expand its product line over the next five years,Reutersreports.HSBC Jintrust Fund Management Co.may roll out its first product under the qualified domestic institutional investor (QDII) scheme next year.
TheChina Securities Regulatory Commission(QSRC) could relax rules on overseas investment funds, allowing HSBC Jintrust to launch its products. Currently QSRC gives QDII licenses to fund houses with a minimum of $3.148 billion in local-currency assets. HSBC Jintrust is also looking to strengthen its qualified foreign institutional investors advisory business by 20 percent to 30 percent of its total assets under management by 2015.
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