Date
17 October 2017

Suning nears launch of online mutual funds, paper says

Brick-and-mortar retailer Suning Appliance Co., Ltd. (002024.CN) will roll out a range of online mutual fund products later this month in collaboration with China Universal Asset Management and GF Fund Management Co., Ltd., the China Securities Journal reported Thursday. According to industry sources, Suning could launch the money market fund products via its third-party payment service “Yi Fu Bao”, allowing its users to invest their account balance. It could also simply serve as a platform for fund purchases, or market the products to business customers, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

EJI Weekly Newsletter

Please click here to unsubscribe