Rumor: Sina to Release Three Fund Products

Oriental Morning Post, 12/06/13

According to an industry insider, Chinese internet company Sina (Nasdaq: SINA) has partnered with fund management firms E Fund Management and China Southern Asset Management to launch "Lang Tao Jin," a series of 3 limited investment currency-based fund products with a targeted 10% annual return.

Negotiations are ongoing regarding the Lang Tao Jin products, but registration is planned to open on December 19, with the official release of the funds on December 24, according to the source.

Editor's Note: For more information on this topic, please see: Update: Sina Microblog to Launch Online Finance Product, MD 11/25/13 and Rumor: Sina Microblog to Launch Online Finance Product, MD 10/30/13 issues.

Keywords: financial services Internet E Fund Sina China Southern Asset Management

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