SHANGHAI : China Resources Trust said on Wednesday it had set up its first product under China's outbound investment scheme QDII that would give Chinese investors the opportunity to put money into an offshore mutual fund managed by BlackRock.The product, sold via HSBC Bank (China) and targeted at private
SHANGHAI : China Resources Trust said on Wednesday it had set up its first product under China's outbound investment scheme QDII that would give Chinese investors the opportunity to put money into an offshore mutual fund managed by BlackRock.
The product"mainly invests in a mutual fund managed by BlackRock Investment Management Limited and would help qualified domestic investors ... diversify assets globally," China Resources Trust said in a statement. QDII, or Qualified Domestic Institutional Investor, is a key channel for Chinese investors to buy overseas securities.
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