One of the few pioneering Chinese funds that allows ordinary citizens to invest in foreign shares is being liquidated because its value has fallen by more than 50 per cent since its launch six months ago.
China Minsheng Banking, the country’s first privately owned bank, sold 100m shares in the fund in October at Rmb1 each, raising $14.3m, as part of the Chinese government’s qualified domestic international investor (QDII) programme.
