Following Citi’s first domestic mutual funds transaction in China last week – earmarking it as the first foreign bank to do so – the American lender tells Asian Private Banker that a significant opportunity exists to secure onshore assets via the QDII (qualified domestic institutional investor) scheme. “We have observed an increasing trend of QDII mutual fund subscriptions in China…
Citi touts domestic mutual fund distribution as key to mining Chinese onshore wealth
11 July 2013
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