OREANDA-NEWS. September 18, 2012. After approved and granted the QDII investment qualification by China Banking Regulatory Commission and foreign exchange quota by the State Administration of Foreign Exchange, recently Hwabao Trust launches the first QDII product--Hwabao-overseas market investment  No. 1 single fund trust, reported the press-centre of Baosteel. 

Hwabao-overseas market investment No. 1 is of one year period and is for subscribing closed-end fund issued in Hong Kong market. The fund is for special investment in the one-year guarantee corporate bonds.

The product is bought directly by the client in U.S. dollars, which effectively circumvents the exchange rate risk brought by subscription in RMB and substantially increases clients' foreign currency capital gains. At the same time, the product's final investment target being one-year guarantee corporate bonds minimizes the investment risk