AMP Capital eyes China market
(Shenzhen Daily)
Updated: 2006-10-24 14:25
AMP Capital Investors Ltd., a unit of Australia's largest life insurer, plans
to raise up to A$330 million (US$250 million) in a public share offering for a
fund that will invest in stocks and bonds in China.
The fund, to be managed by AMP Capital, will begin trading on the Australian
Stock Exchange before January, the Sydney-based company said in statement
yesterday. Final details of the fund are to be confirmed, according to the
statement.
AMP Capital in July became the first Australian company
awarded a license by the China Securities Regulatory Commission to invest in the
nation's securities. (For more biz stories, please visit Industry Updates)
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