Do investment bankers dream of H-shares? Strategists behind Tai Fook's recently launched China Investment Fund list reasons to take mainland securities seriously, including the likelihood of yuan appreciation, the growing economic benefits of Cepa, and as a leveraged play on China's growing status as manufacturer to the world.

The fund will be managed by a team of Hong Kong and China-based investment professionals with a view to investing in both listed and pre-listed companies.

The open-ended fund expects to pay out no less than 50 per cent of profits each year as dividends. Subscription fees range up to 5 per cent, and annual management fees are 1.25 per cent. An additional performance fee will be applied in the event of a annual growth of more than 15 per cent.