HSBCÆs latest fund launch has gathered Rmb1.44bn during its initial public offering period. The HSBC Jintrust Dragon Growth Equity fund, managed by Tom Lin, is part of the Shanghai-based joint venture between HSBC and Shanxi Trust and Investment Corporation Jintrust which was officially established in November 2005. Fundraising for the new equity fund closed on September 22.
According to Jin, the fund is focused on three separate areas of mainland China business. ôOne of the categories comprises firms operating in sectors that will benefit from ChinaÆs strong economic growth in the long run,ö he says. ôThis includes consumption, telecommunications equipment, IT, energy and environmental protection.
ôThe other two categories include companies which are...
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