HONG KONG, Feb. 24, 2011 /PRNewswire-Asia/ -- CCB International Asset Management Limited announces the official public offering in Hong Kong on 25 February of its first Renminbi fixed income fund: the “CCB International - RMB Fixed Income Fund” (“the Fund”), marking an important step by CCB International (Holdings) Limited (“CCBI”) in the Renminbi products market.
The Fund will be marketed to individual and institutional investors and it will be investing primarily in a diversified portfolio of debt instruments denominated in Renminbi, which are issued or distributed outside mainland China.
Dr. Hu Zhanghong, CEO of CCBI said that he expects more and more investors to participate in the Renminbi investment market with the continued opening up of China’s financial market and CCBI will proactively roll out new products to meet the latest market needs in a timely manner.
Alfred Lo, Deputy Managing Director of CCB International Asset Management Limited also said that Renminbi investment products will be one of CCBI’s main focus in the future, hence CCBI had established an umbrella fund - the “CCB International RMB Fund Series”. This Renminbi fixed income fund is the first sub-fund of the fund serires. He hopes that the sub-funds of “CCB International RMB Fund Series” can participate in investing in the mainland’s investment market via relevant channels and through different asset classes when policies and regulations permit in the future.
As a wholly-owned investment services flagship of China Construction Bank Corporation (“CCB”), CCBI relies on CCB’s 14,000 or so branches across mainland China as well as reliance on CCB’s financial platforms and resources located at major economic and financial centres around the world for all of CCBI’s products and services. CCBI’s familiarity with situations in China and clear understanding of Chinese policies, coupled with CCB’s support network, is advantageous to CCBI in identifying investment opportunities.
CCBI
CCBI is a wholly owned investment services flagship of China Construction Bank Corporation and has established 8 subsidiaries including CCB International Capital Limited, CCB International Asset Management Limited and CCB International Securities Limited. CCBI offers a wide range of services to businesses around the world, including but not limited to sponsoring and underwriting, financial advisory services, mergers, acquisition and restructuring, refinancing arrangements for listed companies, direct investment, asset management, securities brokerage, market research and consultancy services, providing an across-the-board investment services.
