Robust Growth of Indian Economy opens China’s first ever India-dedicated Investment Fund
China opens its first ever Indian-dedicated publicly offered investment fund, which calls on the Chinese market to heavily invest, realizing the steady rise of the Indian economy.
Industrial and Commercial Bank Credit Suisse ‘India Market Fund’ as the name goes, launches China’s state-run bank The Industrial and Commercial Bank of China on May 14, 2018.
The first ever informal summit between Prime Minister Narendra Modi and Chinese President Xi Jinping, held in April 2018 at Wuhan brought about this absolutely important step towards a better tomorrow.
This is reportedly, China’s first publicly offered fund for investing in India and it will invest in exchange-traded funds listed on more than 20 exchanges in Europe and in the United States that are based on the Indian market.
“Now, investing in the Indian market means an investor can enjoy double-digit economic growth,” state-run Global Times has said in its report on the fund.
According to the announcement of the offering, the ICBC Credit Suisse Indian Market Fund (LOF) will be available for sale at both the on-site and off-site markets from May 7 to May 25.
Recent researches demonstrate that the Indian market has progressively become one of the best-performing markets globally due to ongoing reforms, macroeconomic improvement and enhanced profitability.
The fund serves a good news for the Indian economy, both nationally and international, i.e. bringing more investment into the country. The fund will focus on diversified sectors such as the financial industry, information technology, alternative consumption, energy, essential consumption, raw materials, medicine, healthcare and other industries.
Likewise it will also be constructive for the large investors, adding a low-relevant asset to the allocation tool that can effectively improve the effective frontier of the investor’s asset allocation and help the investor to better spread risks and gather a more stable income.
By the end of 2017, Chinese investments into India added up to more than 8 billion US dollar, as India has become an important market for infrastructure cooperation among Chinese companies and a major investment destination.
On April 26, 2018, the Chinese Ministry of Commerce issued that India’s trade with China had gone up by more than 22% in the first quarter of 2018.
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