SHANGHAI (XFN-ASIA) - China shares are expected to open higher as regulators
continued to approve new fund products, with the outcome of the Taiwan
presidential election also considered positive for the market, dealers said.
Over the weekend, China approved new products by four fund management
companies, including China joint ventures of Franklin Templeton and HSBC. This
is the seventh consecutive week that the authorities have gave their approval to
new funds.
Investors are also expected to welcome the election victory of Ma Ying-jeou,
the Taiwan opposition presidential candidate who promised to improve ties with
Beijing, dealers said.
On Friday, the benchmark Shanghai Composite Index closed down 7.48 points or
0.20 pct at 3,796.58, ending the week down 4.19 pct.
(1 usd = 7.1 yuan)
lilian.wu@xfn.com
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xfnlw/xfntm
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