FUND VIEW-ING China fund venture betting on consumer boom

Newswire

By Sabyasachi Mitra

HONG KONG, Jan 16 (Reuters) - China's first Sino-foreign fund management company said on Thursday it hoped to cash in on the country's consumer boom with a new fund aimed at local investors, despite the high valuation of China's A-share market.

China Merchants Fund Management Co Ltd (CMFM), a joint venture between the Dutch financial giant ING Groep NV and several Chinese partners, hopes to get a nod from regulators to launch its first fund in the ...

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