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HSBC China launches domestic funds in 22 cities

HSBC China said yesterday that it has concluded its first sale of mainland China-domiciled funds, marking the launch of its fund business in 22 cities across the country. Six open-ended funds managed by HSBC Jintrust, a Shanghai-based joint venture established in 2005, are available to local, foreign, as well as Hong Kong and Macau residents at branches in 22 cities…

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