This content is from: Innovation

Julius Baer To Launch China Fund

Swiss private banking group, Julius Baer, has received a quota of $100 million to invest in Chinese securities and roll out a China fund.

Swiss private banking group, Julius Baer, has received a quota of $100 million to invest in Chinese securities and roll out a China fund, Reuters reports. The Qualified Foreign Institutional Investor (QFII) quota has been granted by China’s currency regulator, the State Administration of Foreign Exchange (SAFE).

With the quota, the firm will buy Chinese stocks and bonds under the QFII scheme and will unveil a China fund, investing in Chinese companies listed in Hong Kong as well as in mainland China. The bank is also planning to open its Shanghai representative office and Singapore Trust company this year.

Click here for the story from Reuters.

Click here for additional coverage from Banking Business Review.

Related Content