Aizawa Securities plans to establish one of the first retail funds in Japan dealing solely with investment in China A-shares, according to a report in the Financial Times. The Japanese broker, which does not have permission from the Chinese government to invest directly in A-shares, will invest via derivatives from Deutsche Bank, one of the few investment banks that has secured qualified foreign institutional investor status, according to the report. Aizawa was reported to have hired Shanghai broker Shenyin & Wanguo's Hong Kong asset management unit to invest in options issued by Deutsche Bank. Aizawa hopes to raise US$20 million from investors in the fund, through which it plans to invest in 40 to 50 stocks, the report said.
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