E Fund Management, China's second largest asset manager, will boost its sales network to launch an onshore bond fund next month under the renminbi qualified foreign institutional investor program.
Charles Wang Hongxin, chief executive of E Fund's Hong Kong branch, said distributors including banks require more time to familiarize themselves with the new products.
E Fund is poised to start accepting subscriptions for the 1.1 billion yuan (HK$1.34 billion) fund from February 7. Brokerages Haitong Asset Management and Guotai Junan International launched new RQFII funds two weeks ago.
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