CSRC imposes quotas on fund launches
First State Cinda is the first to list a new mutual fund with a quota on how much assets can be raised.
The Chinese Securities Regulatory Commission, in further steps to moderate market sentiment in ChinaÆs A-share stock markets, has begun putting quotas on the size of assets raised in new mutual-fund launches.Yesterday saw a new funds joint venture, First State Cinda Fund Management, a Shenzhen-based JV between Cinda Asset Management, a mainland bank-asset resolution company, and AustraliaÆs First State Investments, launch its debut fund, an equities product.This fund was given an expl…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved1.