China offshore funds halt subscriptions as HK share binge exhausts quotas

April 10, 2015 4:41 AM

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SHANGHAI, April 10 (Reuters) - A sudden surge in mainland money chasing after Hong Kong's share rally has prompted a dozen Chinese overseas mutual funds to suspend subscriptions on certain products, citing quota limits and the interests of existing fund investors.

Chinese funds that invested overseas under the Qualified Domestic Investor (QDII) pilot scheme had long struggled to attract investor interest but now they are in demand as a quick route into Hong Kong stocks.

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