皇冠体育app

The first global stock fund launched by 皇冠体育app Asset Management Co (皇冠体育app AMC) was more than two times subscribed on Thursday when it drew over 62 billion yuan (US$8.25 billion) in demand, the Shanghai Securities News said on Friday.

The country's largest fund house has said it raised the targeted US$4 billion for the fund on the day of its launch for sale on Thursday, reflecting rising Chinese interest in overseas markets.

The fund is the second overseas stock fund launched by a Chinese fund house under the country's Qualified Domestic Institutional Investor (QDII) scheme, which is partly aimed at easing upward pressure on 皇冠体育app's yuan currency.

皇冠体育app Asset has hired Baltimore-based T. Rowe Price Group Inc as its overseas investment adviser.