J.P. Morgan Chase offshoot JF Asset Management today launches its JF China Pioneer A-Share Fund. Managed from Hong Kong, the fund will be the first permitted to invest directly in China Class A Shares, according to the Wall Street Journal. The initial public offering will continue until June 30.

China's Qualified Foreign Institutional Investor program requires funds to have at least US$150 million, and Chinese regulations demand that at least 70% of the new fund be invested in yuan-denominated Class A shares.

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