Friday, April 8, 2011

Xu Ming accelerate the development of launch cro02 border or rating ETF funds

Report from "offering fund the company through the establishment of overseas subsidiaries, equity participation in overseas institutions, public-private financing or investment abroad, accelerate the development of cross-border ETF (Exchange traded funds) and other forms to actively expand their international business.
"Xu Ming pointed out yesterday, Deputy General Manager of Shanghai Stock Exchange, product innovation is the core of the next innovation fund industry content, you can develop classification on the basis of current rating Fund ETF products. "Although domestic Fund has been established in Hong Kong through the establishment of joint venture fund company, subsidiary, and the launch of QDII measures to promote the internationalization, but its degree of international and are still quite limited.
"Ming Xu stressed, at the same time, international professional institutions such as hedge funds is accelerating into the Mainland, rapid rise of private equity, public placement Fund diversion of middle and high-end customers have a greater impact. Ming Xu believes that product innovation is the core content of the next innovation fund industry can experience learning from banks and brokerages financial products development products, the introduction of classification of bodies such as the ETF Fund products.
At the same time sales channels also need innovative, may be appropriate to consider in the future to fund new sales channels. In recent years, although the fund company and the gradual increase in the number of funds, but total assets management scale in 3 trillion yuan, the following hesitate.