A STRONG reception for two China funds, raising a total of $1.05 billion, has raised hopes for similar issues in the future. On October 19, the GBP60 million (HK$685.2 million) Robert Fleming's Fleming Chinese Investment Fund was listed on the London stock exchange, and in the same week, Jardine Fleming listed its Jardine Fleming China Region Ltd in Australia. The size of the Australian-listed fund is A$70 million (HK$359.7 million). Officials of Jardine Fleming Investment Management, an investment management arm of Jardine Fleming, said yesterday there was high demand for the funds. Both are closed-end, investment companies intended to invest in China-linked stocks in the region, particularly in Hong Kong and China. The two funds follow just a month after the world's largest China equity fund - the Templeton China World Fund - was listed on the New York stock exchange. The fund, arranged by Merrill Lynch, has raised more than US$260 million. Investment manager for the Fleming Chinese Investment Fund is Robert Fleming, with Jardine Fleming as investment adviser. The fund will invest about 80 per cent of its portfolio in Hong Kong-listed H shares issued by mainland-incorporated companies and 10 to 15 per cent in mainland-listed B shares. The rest will be put into regional China plays. A JF Investment Management officials said the Jardine Fleming China Region Ltd's final size of A$70 million was at the upper end of the issue range, of A$30 million to A$80 million. ''We aim at Australian retail clients, and demand is big there,'' he said. Jardine Fleming is the investment manager of the fund, which intends to invest in ''China plays'' in Hong Kong, China, and Taiwan, according to the official. He said while the launch of the fund was completed, a breakdown of percentages to be invested in the Hong Kong and China markets was yet to be decided. The two latest China funds join the group's Jardine Fleming China Region Fund Inc, which is listed on the New York stock exchange, and another Hong Kong-listed China fund. Up to the end of last year, total funds under JF's management reached US$10 billion. It is understood that more China funds will be launched by the end of this year, to cash in on another wave of overseas investor fever for the China market.