Fancy owning a piece of the mainland growth story? Retail investors who have long waited for the opportunity to own shares in the elusive US$480 billion A-share market - once reserved only for domestic mainland investors - can now do so through HSBC's Momentum Fund. The fund is designed to focus on pure China plays and will seek an initial holdings target of 20 to 30 stocks selected from China's domestic A and B-share markets, as well as Hong Kong-listed H-shares. The fund is the first of its kind to enable foreign investors direct access to A-shares, thanks to the introduction of the qualified foreign institutional investors scheme. Fund manager Richard Wong says it will target holdings such as Shanghai Auto, which trades at a p/e of 16 and recorded 130 per cent earnings growth in the first half. Another target is Shanghai Container Ports, which has stakes in several ports in the Shanghai area. Container throughput last year increased 36 per cent. Mr Wong says he also favours sectors such as oil and gas, power production, steel and industrial materials.