The maximum scale of the Beijing Stock Exchange 50 Index Fund will be raised.

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On April 17, China Securities Journal · CNI Taurus reporters learned from the industry that the scale limit of several Beijing Stock Exchange 50 Index funds under multiple fund companies will be increased.

Several Beijing Stock Exchange 50 Index funds have resumed large-amount purchase business. On the same day, Fortune Fund announced that starting from April 17, it will resume accepting applications by single fund accounts for Fortune Beijing Stock Exchange 50 Index Fund where the cumulative amount of fund units purchased, converted-in, or subscribed via regular investment exceeds 200,000 yuan per day.

On April 15, Boshi Fund issued a notice regarding the resumption of large-amount purchase, conversion-in, and regular investment business for its Boshi Beijing Stock Exchange 50 Index Fund. Starting from April 15, the fund will lift the restriction that applications by single fund accounts for single or cumulative purchases, conversions-in, or regular investment must not exceed 1 million yuan per day.

In terms of market performance, on April 17, the Beijing Stock Exchange 50 Index rose strongly, increasing by 4.77% as of the market close.

Source: CNI Taurus

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