Second renminbi MMF set for Hong Kong launch
ICBC-Credit Suisse AM is readying an RQFII money-market fund in Hong Kong this year as it sees a gap in the market. Nevertheless, copycat products are not expected to proliferate.
ICBC-Credit Suisse Asset Management (HK) has told AsianInvestor about its plans to launch a renminbi-denominated money-market fund in Hong Kong this year.
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