New China funds to leverage domestic flotations of overseas-listed tech giants

New China funds to leverage domestic flotations of overseas-listed tech giants

A man uses his mobile phone in front of a screen showing a logo of Xiaomi at the launch ceremony of the Mi Note in Beijing, January 15, 2015. REUTERS/Jason Lee

Six Chinese mutual funds will be launched as early as next Monday, potentially channeling hundreds of billions of yuan from investors into domestic flotations of overseas-listed Chinese tech giants, the Shanghai Securities News reported on Wednesday.

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