This would represent the official start of a much-talked-about programme for qualified domestic institutional investors QDII, although the fund would be open to retail investors as well.
Officials at Huaan confirmed they are working on such a product, but would not comment on Lehman's involvement. They said at least 10 other Chinese companies are also working on similar products.
Funds executives and analysts agree, however, that Huaan is pushing this the most aggressively. Huaan has a history of pioneering...
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