Chinese overseas brief doubles to €3bn

The first international equities fund in China, which is sub-advised by BNY Mellon Asset Management, has doubled in size to 30bn yuan (€2.9bn) after regulators increased its limit in the face of surging demand from Chinese investors.

The fundraising, which is BNY Mellon's largest, suggests the credit crunch has been insufficient to scare Chinese retail investors away from international markets.

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