Shanghai-based Huaan Fund Management, the first fund manager in China to be given approval under the qualified domestic institutional investor (QDII) scheme for its five-year International Balance Fund, has now been allocated a quota of US$500m for the fund.This final seal of approval by the State Administration of Foreign Exchange enables the company to issue its fund to Chinese investors through the Industrial & Commercial Bank of China's network. The fund itself is the result of a coopera
