Hang Seng Bank launches China Fund Series.

(From Business Daily Update)

Author: Hong Kong's Hang Seng Bank is offering a China Fund Series to provide investors with the opportunity to benefit from the immense growth potential of the Chinese mainland. The series comprises the Hang Seng China Index Fund which tracks the performance of the Hang Seng Freefloat Mainland 25 (the "index") and four capital guaranteed funds, the potential returns of which are linked to the growth of the index. The four capital guaranteed funds are available for subscription from March 10 to April 4, 2003. The Hang Seng Freefloat Mainland 25 is a benchmark gauging the performance of Hong Kong listed companies with major businesses in …