BoCom Unit Selling Money Market Fund.

(From SinoCast China Financial Watch)

SHANGHAI, January 13,. 12, SinoCast -- An asset management company under the aegis of Bank of Communications (3328.HK) hit the market its money market fund, following an earlier success. Under the approval of the market watchdog China Securities Regulatory Commission, Bank Of Communications Schroder Fund Management Co. started to raise the fund on December 26, 2005, two years after China's first such fund launched. The money market funds in the country have seen the scale exceed CNY 200 billion, with the transition channels, speeds as well as product designs all being improved greatly. The new product, the first money market fund …