Home » Suxin Fund was approved to open banking public offerings and expanded to 15_China Securities Network

Suxin Fund was approved to open banking public offerings and expanded to 15_China Securities Network

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Suxin Fund was approved to open banking public offerings and expanded to 15_China Securities Network

Suxin Fund, a banking public fund company, has finally been approved to open for business after eight years. This announcement was made by Securities Times reporter Pei Lirui on April 22. The fund, which has a registered capital of 150 million yuan, is a Sino-foreign joint venture with major shareholders including Bank of Suzhou, CapitaLand Fund controlled by Singapore’s Temasek Group, and Suzhou Park Economic Development Company.

The approval of Suxin Fund marks a significant expansion in the number of domestic banking public funds, bringing the total to 15. The company will focus on product development and customer outreach, working closely with its parent bank Suzhou Bank to offer fund products tailored to the needs of investors.

In a strategic move, Suxin Fund has appointed Lu Kai, former president of Guohai Securities, as its general manager. With 16 years of asset management experience and a background in securities company operation and management, Lu Kai is set to lead the company towards high-quality financial services and product development.

Looking ahead, Suxin Fund aims to create competitive high-quality products in various categories including equity, fixed income, “fixed income +”, hybrid, and quantitative strategy. Leveraging the expertise of CapitaLand in the REITs business, Suxin Fund also plans to explore opportunities in the public offering REITs sector.

The approval of Suxin Fund for business operation expands the landscape of banking public funds in China. With a growing number of banking public funds, including established players like China Merchants Fund and ICBC Credit Suisse, the industry is set for further growth and innovation.

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