Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (36710)	7/30/2003 11:01:09 AM
From: RealMuLan	Read Replies (1) of 74559

First China fund for foreigners hits U.S. snag Reuters, 07.30.03, 5:45 AM ET HONG KONG, July 30 (Reuters) - What had been billed as the first fund for foreigners to invest in China's yuan-denominated securities markets will launch a month late and several million dollars short after running foul of U.S. securities rules, sources familiar with the situation said on Wednesday. Edinburgh-based Martin Currie Inc had said earlier this month it intended to list its China "A" Share Fund on the Dublin stock exchange on July 23, with a hoped-for $50-$70 million in funds from institutional investors. forbes.com

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