综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

BIZCHINA> News
Chinese fall head over heels for mutual funds
(Xinhua)
Updated: 2007-04-12 11:23
Subscriptions to new mutual funds hit a record high on Tuesday, pulverizing the record set in December last year.

Neixu Dongli (literally "domestic demand incentives") Fund, a new mutual fund issued by Shanghai-based China International Fund Management Co, took in a record 90 billion yuan (US$11.7 billion) of subscriptions,company sources said on Wednesday.

A stellar operator on China's capital markets last year, China International Fund Management Co. is a joint venture between Shanghai International Trust and Investment Co. and JP Morgan Asset Management (UK) Limited.

On December 7, a mutual fund issued by Harvest Fund Management took in 42 billion yuan.

Industry observers said the huge subscription proved that investors were dizzyingly optimistic about prospects for domestic equity markets.

Late last year China imposed a two-month suspension in approval of new mutual funds after the then-record subscription to the Harvest Fund Management fund, amid worries that speculators were causing stock prices to rise too fast.

The nation's securities watchdog has ordered mutual fund managers and sellers to help individual investors better understand the risks involved in buying stocks.

A special investor education fund should be established by each fund management company, said the China Securities Regulatory Commission (CSRC).

In early February the industry regulator provided the China Securities Industry Association and fund management companies and banks with a document about educating retail fund investors.

According to the document, the awareness program can include TV, newspaper, magazine and Internet ads, publicity pamphlets and outdoor ads.

The education drive should help investors understand their own financial circumstances, and also better understand markets and the development history of funds and fund management companies, according to the document.

Fund sellers are encouraged to make buyers aware of risks.

The benchmark Shanghai Composite Index gained 130 percent last year and has jumped 27.6 percent so far this year.

Reports show that mutual funds raised more than 400 billion yuan on the Shanghai and Shenzhen bourses last year as retail investors shifted cash holdings from low-interest bank deposits to the markets.

China has more than 320 mutual funds.


(For more biz stories, please visit Industries)
泸州市| 尚义县| 治多县| 兴安县| 达拉特旗| 定结县| 轮台县| 江安县| 韶关市| 合川市| 柘荣县| 长治市| 井研县| 岢岚县| 花垣县| 临海市| 凤山市| 长葛市| 苗栗县| 普陀区| 莒南县| 揭阳市| 吴旗县| 英吉沙县| 洪泽县| 鄱阳县| 洛阳市| 株洲市| 天全县| 大渡口区| 商洛市| 东辽县| 滦平县| 博乐市| 淳化县| 桐庐县| 渝中区| 南城县| 平凉市| 德兴市| 措美县|