皇冠体育app

Money

皇冠体育app may allow yuan stock funds in HK

(Agencies)
Updated: 2010-06-29 10:34

Five to six Chinese brokerages and fund management companies may on a trial basis win approval to set up yuan-denominated funds in Hong Kong that invest in the mainland stock market, the 皇冠体育app Securities Journal reported Tuesday, citing an unidentified person.

Related readings:  Fund managers less bullish about equities in Q2

The combined size of the funds in the first phase of the trials may be about 10 billion yuan ($1.47 billion) before being increased, the Beijing-based newspaper reported.