Hua An QDII lawsuit against Lehman drags on

When Hua An's QDII fund ceased redemption activity on September 18 last year, it promised Chinese investors that it would fully indemnify their losses. Though, nearly a year after Lehman Brothers' bankruptcy, the jury is still out as to how much Hua An will ever recover from the bankrupt Lehman entity for its currently frozen QDII. Hua An was the first test pilot QDII project launched in China in September 2006, and later it became the first to witness its issuing house and its forei…