Heliostar Metals stock gains on Mexican asset buys
Heliostar aims to reach production of more than 500,000 oz. of gold a year by 2030.
Chinese asset managers are rushing to launch funds that invest in natural resources and precious metals overseas, responding to feverish domestic demand for inflation-hedging tools.
Nine Chinese money managers, including the ventures of Schroders , JPMorgan and Societe Generale , are seeking regulatory approval for products that will invest in resources and commodities under the Qualified Domestic Institutional Investor (QDII) scheme.
