China Buying fast
Filed in archive Investing by Alex Akesson on April 18, 2007

Another fund, launched the same day, Lord Abbett China Asset Management Co., which is 49% owned by U.S. fund management company Lord Abbett & Co., raked in 8 billion yuan for a stock fund in just one day as well.
The article also says that jpmorgan
Chase & Co.'s Chinese fund management venture also received nearly 90 billion yuan of subscriptions to its new equities fund in a single day -- over 10 times its original sales target.The China rate increase.
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