The Korea Herald

지나쌤

Yuanta Securities to widen doorway to Chinese market

By Korea Herald

Published : Aug. 22, 2016 - 16:19

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Yuanta Securities, a Seoul-based brokerage of Taiwan’s leading Yuanta financial group, is opening another door for domestic investors looking at China’s stock market.

Yuanta Securities announced earlier this month that it will kick off selling a public offering fund to guide domestic investors to China’s stock market. The fund, or “Tongyang China AMC Long short investment trust H,” pours money into the Chinese market with a long-short strategy, through the fund run by Hong Kong-based asset management firm China AMC Hong Kong Limited. 

A Yuanta Securities’ salesperson promotes the new fund (Yuanta Securities) A Yuanta Securities’ salesperson promotes the new fund (Yuanta Securities)

The newly launched fund will acquire stocks of more than 30 Chinese companies trading on the US market to seek high profitability. At the same time, it will sell off Chinese index futures listed in Singapore for stability, as the Chinese stock market has “growth potential yet extreme volatility,” according to an official.

The Chinese market had discouraged investors early this year when stock prices plummeted. Still, China is an attractive market as “more bourses including Shenzhen are opening to foreign investors,” while its main government is “beefing up the economic loopholes,” the official added.

By Song Ji-won (jiwon.song@heraldcorp.com)