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New RMB money market fund in Mainland China

HSBC Jintrust Fund Management has launched an on-shore RMB money market fund in mainland China. The fund aims to achieve a relatively stable return from a wide range of liquid money market instruments in the local market. The initial public offering period will be from 10 to 28 October 2011. Steve Lee, chief executive officer of HSBC Jintrust Fund Management…

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