Invesco Great Wall Fund Management is setting up a China equity fund, Asia Asset reports. The firm intends to raise up to $800 million from the Invesco Great Wall Greater China Equity Fund, which will invest in Chinese companies listed on exchanges outside the country, including Singapore and the U.S.
Industrial and Commercial Bank of China will serve as the domestic custodian, while Standard Chartered Bank (Hong Kong) will be the foreign custodians for the fund launch. Invesco Hong Kong has been hired as foreign investment consultant.
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