China's DBS Group is gearing up to launch its first Qualified Domestic Institutional Investor (QDII) note for the China market next week.
Wendy Hung, head of investments, insurance and deposits at DBS Bank China, confirmed the launch date to SRP.com, adding that the product would have a commodity theme. She declined to add further details ahead of the launch.
The bank, which qualified for a QDII licence two years ago, has held off the launch of the note until now as market conditions are ripe, a spokeswoman said. Investor appetite for risk has improved and education had reached a point where investors know what the risks are."
QDII is currently the only channel through which mainland investors can invest in offshore structured products, which are grouped under wealth management schemes.