Changsheng raises more than Rmb10 billion in one day

May 7, 2009

A fundraising of this magnitude hasn't been seen since the heady days of QDII fund hype in late-2007.

Changsheng Fund Management, one of the original "old-10" fund houses that founded the Chinese fund management industry and a 33% joint venture with Singapore banking group DBS, has surprised the market by raising more than Rmb10 billion ($1.8 billion) for its latest fund offering in just one day.

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