HSBC begins retail fund targeting China consumption

HSBC Global Asset Management believes retail investors in Hong Kong – where shops are filled with mainland tourists at the weekend – will put stakes into a new China consumer-focused fund. It is selling HSBC Global Investment Funds – China Consumer Opportunities as Hong Kong’s first global equity fund that invests in both domestic and overseas companies that benefit from mainland consumption. The fund will be managed by a global team, including staff in Hong Kong. “China has bee…