BIZCHINA / Overseas Investment
AMP Capital eyes China market
(Shenzhen Daily)
Updated: 2006-10-24 14:25
AMP Capital Investors Ltd., a unit of Australia's largest life insurer,
plans to raise up to A$330 million (US$250 million) in a public share
offering for a fund that will invest in stocks and bonds in China.
The fund, to be managed by AMP Capital, will begin trading on the
Australian Stock Exchange before January, the Sydney-based company said
in statement yesterday. Final details of the fund are to be confirmed,
according to the statement.
AMP Capital in July became the first Australian company awarded a license
by the China Securities Regulatory Commission to invest in the nation's
securities.
(For more biz stories, please visit Industry Updates)
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