JP Morga stainless steel plate n China JV approved to issue mid, small-cap stock fund
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JP Morgan China JV approved to issue mid, small-cap stock fundPublished: 03 Dec 2008 01:36:21 PSTDec. 3, 2008 (China Knowledge) — China International Fund Management Co (CIFM), a joint venture between JPMorgan Asset Management (UK) Ltd and Shanghai International Trust Co, announced on Wednesday it has won approval from the China Securities Regulatory Commission (CSRC) to issue a medium and small-cap stock fund, according to sources.This is the second fund for 2008 and the 9th one in total of China International Fund Management Co, and the fund is authorized to invest up to 95% in stocks.Bank of China (BOC)<601988><3988> will be the major underwriter and trustee for the fund. The fund will be sold through the Industrial and Commercial Bank of China (ICBC)<601398><1398>, China Merchants Bank Co Ltd (CMB)<600036><3968>, Bank of Communications (BoComm)<601328><3328> as well as other securities firms. Established in May 2004, China International Fund Management Co has a registered capital of RMB 150 million. Shanghai International Trust Co holds 51% stake in the venture, while JPMorgan Asset Management (UK) Ltd takes the remaining 49%.Copyright © 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News过滤机 lithium batteries Aloe vera 搅拌机 クレジットカード 現金化 比較 furniture legs lithium battery 外墙清洗 surge arrester