Current Affairs

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
ICBC launched China’s 1st India-dedicated investment fund ICBC launched China’s 1st India-dedicated investment fund Reviewed by Aman Bhatia on May 16, 2018 Rating: 5

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