Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Weak sentiment for QDII product
Adjust font size:

The China International Capital Corp (CICC) became the mainland's first brokerage house to launch a fund product under the Qualified Domestic Institutional Investor program on January 16. In the 36 days after its debut, the fund has collected 372 million yuan from 1,585 investors, according to its official website.

The figure is in sharp contract with the 20 to 30 billion yuan raised for the first batch of QDII products.

An official in charge of the management of broker assets said CICC figures might indicate that domestic investors have at last lost confidence in the overseas stock markets.

The high threshold of 100,000 for CICC's QDII product was another reason that deterred small and medium-sized investors, fund industry researchers said.

For more details, please read the full story in Chinese (http://www.morningpost.com.cn/article.asp?articleid=118873).

(China.org.cn March 3, 2008)


Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- CICC, 1st broker to launch QDII fund
- 1st JV investment bank obtains QDII quota of US$5b
- S&P's launches new suite of QDII indices for China
- QDII funds in dilemma
- Chinese QDII products totter amidst drop in international stock markets
- HSBC gets new QDII quota
- QDII quota hits US$42.17b by September
Most Viewed >>
- Individual income tax threshold raised
- Installed nuclear power capacity rises 30% in 2007
- Snow crisis triggers reconstruction boom
- Province gears up for power shortage
- Need for speed has 4G leading the pack

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?