Swiss stocks - Factors to watch on May 29
ZURICH, May 29 The Swiss blue-chip SMI was seen opening 0.10 percent higher at 9,051 points on Monday, according to premarket indications by bank Julius Baer .
TAIPEI Jan 31 JPMorgan Chase & Co' fund unit is expecting to raise up to $150 million in Taiwan to invest in A shares in mainland China, an executive of its Taiwan fund arm said on Thursday, marking the first such fund as cross-strait ties accelerate.
The move comes as China said this week that it will allot investment quotas of up to 100 billion yuan ($16 billion) for Taiwanese seeking to put money into its financial markets under the Renminbi Qualified Foreign Institutional Investor (RQFII) programme.
"We have got the QFII quota from China regulators," said Jason Pu, an executive director of JPMorgan Asset Management in Taiwan. The fund is slated for launch in April, subject to Taiwan regulatory approval, he added.
HONG KONG, May 29 China's Lianhua Supermarket Holdings Co Ltd on Monday said shareholder Shanghai Yiguo E-Commerce Co Ltd would sell an 18 percent stake in supermarket chain operator to a unit of Alibaba Group Holding Ltd.
* Says won a global contract from Ford for delivery of circa 8 million camshafts