AMP Capital Investors has flagged its intention to offer investors access to China A shares and bonds via a fund to be listed on the Australian Stock Exchange.
The fund, when listed, will represent the first leveraging of AMP Capital’s recent success in being the first Australian company to be granted a QFII licence by the China Securities Regulatory Commission.
Under the licence, AMP Capital has been given approval by China’s State Administration of Foreign Exchange to invest up to $US 200 million directly into China A shares and bonds.
China A shares are quoted on the Shanghai and Shenzhen stock exchanges.
The company’s intention to list the fund was announced today, with AMP Capital Investors saying it intended to raise up to $330 million.
It said the fund would be managed by AMP Capital and would provide Australian investors with an opportunity to obtain exposure to China’s growing economy.
