日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Top Biz News

Mutual funds make their mark

By Zhang Ran (China Daily)
Updated: 2007-04-14 06:53
Large Medium Small

The sale of mutual funds in China is booming.

A total of 11 funds, valued at more than 100 billion yuan (US$12.94 billion), were raised in the past 40 days, according toShanghai-based Wind Data statistics. The number is 10 times that for the same period last year.

Related readings:
Mutual funds make their mark New mutual funds subscriptions hit record
Mutual funds make their mark Time to turn focus on private fund sector
Mutual funds make their mark Qualified investors to manage pension funds
Mutual funds make their mark 
Bull market keeps fund profits rising in 2006

The Shanghai Securities News said on Friday the new funds, mainly invested in the stock market, have much larger scales compared to those sold last year. The funds have an average scale of 8.76 billion yuan, nearly double those of funds raised last year, which had an average scale of 4.68 billion yuan.

The new funds are selling at a rapid pace, some being sold out within one to three days, and none more than 15 days.

China's booming stock market, boosted by securities reform, has made mutual funds a very attractive investment tool since last year. By the end of 2006, a total of 53 fund management firms were running 321 equity funds (mainly invested in the stock market) with a combined value of 856 billion yuan, an 84 percent growthyear-on-year, according to China Galaxy Securities.

The total return of mutual funds in 2007, however, will not match that of 2006 as those returns were based on an exuberant index growth of 130 percent in the A-share market. Analysts project a 30 percent average return for equity mutual funds this year.

Many fund companies are planning to issue more bond funds that cut risks and insure stable investments. These funds, which are initially invested in the bond market, will be used to buy shares ininitial public offerings (IPO) and take profit after the shares start to trade.

Wen Ming, in charge of fixed income investment at the ICBC Credit Suisse Asset management Co Ltd, said that increased IPO activities in the A-share market is providing great opportunities for funds to make profit.

"Comparatively, the investment is more stable, and it has a quite lucrative return," Wen said.

These funds in 2006 witnessed an average return of 20 percent with the best performer hitting a return of 56 percent.

The A-share market in 2007 will continue to see increased IPO activities. Many H-share and red chip companies who listed overseas are also in the pipeline to issueA shares. Blue chips such as China CITIC Bank, Bank of Communications, PetroChina and CNOOC, are expected to list on the Chinese mainland in 2007.

"These high-quality blue chips will certainly add value to the A-share market, and attract more mutual funds to invest," Wen said.

To inform investors of the potential risks in buying funds, theChina Securities Regulatory Commission(CSRC) has released a statement urging firms to help educate investors before they sell equity funds to individuals.

The CSRC requires that all fund firms set aside money to help educate investors and says firms should publish brochures and train their staff to better inform investors of risks.

(China Daily 04/14/2007 page10)

分享按鈕
主站蜘蛛池模板: www五月天| 91精品播放| 午夜合集| 亚洲精品视频一区二区三区 | 亚洲天堂福利 | 国产精品污www一区二区三区 | 翔田千里88av中文字幕 | 麻豆视频免费入口 | 天天干天天干天天干 | 超碰97在线看 | 超碰国产在线 | 欧美高清视频一区二区三区 | 中文字幕在线免费视频 | 免费播放毛片 | 久久一级大片 | 一区二区精彩视频 | 99鲁鲁精品一区二区三区 | 欧美天堂一区 | 国产精品一区在线免费观看 | 91麻豆国产精品 | 欧美视频国产 | 91亚洲视频在线观看 | 日韩高清二区 | 久久免费视屏 | 国产91精品一区二区 | 亚洲视频精品 | 亚洲色图av在线 | 亚洲欧洲av | 色国产精品 | 九九热国产 | 日本久久高清 | 手机看片成人 | 天天射日日操 | 国产精品免费久久 | 一级在线观看 | 国产精品精品软件视频 | 日本不卡中文字幕 | 一本加勒比北条麻妃 | 蜜臀av一区二区 | 中文字幕在线观看1 | www久久久 |