Newly launched funds will be available for purchase in limited quantities in mid-December.

by fivip11 on 2007-12-11 14:33:51

After being closed for three months, the regulatory department has finally approved new funds products. However, the newly-approved funds are not stock funds but bond funds which have been neglected by the market for a long time. The Guotou Ruian Fund Management Company announced that the seventh fund under the company --- Guotou Ruian Stable Profit-increasing Bond Fund (referred to as Guotou Ruian Profit-increasing Bond) --- has been recently approved by CSRC and will be officially issued in mid-December.