ICBC's first QDII products land nearly 200 million yuan in 3 days

The first qualified domestic institutional investor (QDII) product of Industrial and Commercial Bank of China (ICBC) launched on July 31st has made massive sales and still has bright prospects in the market. Although the product is only oriented to individual customers in Beijing, Shanghai, Shenzhen, Zhejiang, Jiangsu, and Guangzhou, its sales has amounted to nearly 200 million yuan by August 3rd and its daily amount of subscription is stilling gaining, indicating a constant growing trend.

Some officials with ICBC say that ICBC will launch QDII product of different kinds to meet investor's various needs.

By People's Daily Online