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Ping An launches its first offshore RMB bond fund

Leanne Wang
The Hong Kong asset management arm of insurer Ping An Group is offering an open-ended unit trust to invest predominantly in CNH bonds. The market timing is right, the firm argues.
Ping An launches its first offshore RMB bond fund

Ping An of China Asset Management (PAAMC) is set to launch its first offshore RMB bond fund in Hong Kong today and is aiming to raise up to Rmb500 million ($76.5 million) from its initial public offering.

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