CSOP prepares for mini-QFII with RMB bond fund launch
Asset managers expect to invest in onshore RMB bonds to enhance yield, waiting for Beijing's nod on a mini-QFII scheme. China Southern Fund is getting ready by launching a RMB fund through its Hong Kong arm.
CSOP Asset Management, a joint venture between China Southern Fund Management and Oriental Patron Financial Investments, is about to invest in the onshore renminbi bond market through a RMB bond fund, which will complete its initial fundraising tomorrow.
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