China’s investment banks, targeting Chinese investors keen to diversify their savings, are hoping their clients will drink the Brics Kool-Aid, a point underlined by talk on Tuesday of a third Chinese Bric investment fund in the space of a few weeks.
The latest fund is rumoured to be coming early next year from China Merchants Bank, according to Reuters. This year China has already seen 19 new Qualified Domestic Institutional Investor (QDII) funds, a structure that allows Chinese money to be invested abroad. The question is whether Chinese investors will buy into those focused specifically on the Brics.
According to wires:
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