Julius Baer, the Swiss-listed private bank,
has received approval to set its investment quota at $100m under
its existing Qualified Foreign Institutional Investor (QFII)
licence in China.
This allows the bank’s clients to directly
invest up to $100m in the country’s onshore equity and bond
markets through a new China fund.
Go deeper with GlobalData
Julius Baer was granted a QFII licence by the
China Securities Regulatory Commission in December 2010.
The fund intends to invest in A and H shares
and will be managed by Julius Baer and advised by one or more
specialist advisers.
“Until now, clients have had very limited
direct access to [a direct onshore investment in China], since few
China stocks have overseas listings. We can now offer clients a
full range of products either directly from Julius Baer or from
numerous external parties,” said Kenneth Ho, Julius Baer’s head of
products in Asia Pacific.
In March 2011, Bank Julius Baer launched an
expansion of its renminbi product offering, adding renminbi
conversion services, savings and fixed deposit accounts,
renminbi-denominated unit trusts, currency linked investments and
bonds.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
