China’s burgeoning taste for the good life is about to find a new outlet with the launch of the nation’s first wine investment fund.
The Dinghong Fund plans to raise Rmb1bn ($156mn) and will invest in vintages from Bordeaux and Burgundy. The wine market in China has boomed in recent years, with wealthy people driving the price for fine French wines, in particular, to record highs.
Wine-based investment products are beginning to take off, benefiting from modern China’s obsession with status symbols, and also offering investors protection from inflation.
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