ICBC launched China’s 1st India-dedicated investment fund

Chinese bank ICBC (The Industrial and Commercial Bank of China) has launched the country’s first India-dedicated publicly offered investment fund.

• The fund is named the Industrial and Commercial Bank of China (ICBC) Credit Suisse India Market Fund.
• The fund invest in the future of the Indian economy and track the distribution of the industrial structure across the Indian market.
• It will invest in exchange-traded funds listed on more than 20 exchanges in Europe and the US that are based on the Indian market.
• The ICBC Bank has listed sectors for investments specifically, in terms of the major industries weighted distribution of the index.
• According to the recent research, Indian market has gradually become one of the best-performing markets in the world.
• This fund opens up the way for Chinese investors in India and provides a way for a low-threshold investment in India.
• It will help the investors to better spread risks and obtain a more stable income.

Expected Questions

Which Bank has launched China’s 1st India-dedicated investment fund?
ICBC

When was the ICBC established?
1984

Who is the President of ICBC?
Gu Shu

Where are the headquarters of ICBC located?
Beijing