Several securities firms and private funds have lined up for regulatory approval to launch public funds after June 1, when a policy that permits them into the business came into effect.
The most promising candidates to receive the first batch of clearance from the regulator include Guotai Junan Securities, Orient Securities, CITIC Securities, First Capital Securities and Galaxy Securities, analysts say.
Public funds are offered for sale to the public with a relatively low investment threshold, as opposed to private funds, which are restricted to investors with higher risk tolerance and are strictly barred from seeking out clients in public.
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Fan Jun li and Zhang Bing via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/I02seL5D_is/
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