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Who Invented Money and What Is the World s Oldest Currency?
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Who Invented Money and What Is the World s Oldest Currency?
discovermagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from discovermagazine.com Daily Mail and Mail on Sunday newspapers.
HONG KONG/SHANGHAI (Reuters) -Disillusioned with a weak stock market at home, geopolitical risks and a falling currency, Chinese investors are pouring money into investment products with exposure to overseas assets that will also help diversify their portfolios. Retail money has gushed into exchange traded funds (ETFs) and mutual funds issued under the Qualified Domestic Institutional Investor (QDII) programme, one of the few channels for Chinese money to be invested abroad, leaving managers of these funds scrambling for more quotas under the strictly managed scheme. Those investing in QDII products are no longer content staying close to home in Hong Kong equities but are seeking funds that give them access to U.S, Japanese and even emerging markets such as Vietnam and India as the Chinese economy stumbles, analysts said.
Phnom Penh might seem like one huge building site fuelled by Chinese money but a heritage tour of the Cambodian capital uncovers its abundant historical and traditional architecture.
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