Tianhong Vietnamese Market Equity Launched QDII Fund, a Chinese investment fund, currently holds more than 91 million shares, or a 1.147-percent stake, in Vietnamese lender VPBank.

The bank has announced an updated list of its stakeholders who own at least at least one percent each.

According to Bloomberg, Tianhong Vietnamese Market Equity Launched QDII Fund is an open-ended fund in China.

The fund tracks the VN30 Index, comprising the 30 largest-cap stocks on the Ho Chi Minh Stock Exchange.

The fund invests at least 80 percent of its total assets in equities.

Meanwhile, Composite Capital Master Fund LP, a hedge fund registered in the Cayman Islands, reduced its ownership in the bank to 1.7 percent from 2.73 percent.

A list released by VPBank on July 19 showed that the bank had 13 individual shareholders and four institutional stakeholders owning more than one percent each.

The four institutional investors include Sumitomo Mitsui Banking Corporation, DIERA Corp, Composite Capital Master Fund, and Vietnam Enterprise Investments, holding 15, 4.39, 2.73, and 1.28 percent, respectively.

Thus, Tianhong Vietnamese Market Equity Launched QDII Fund is the newcomer.

Local banks are now required to disclose information about stakeholders who own one percent or more of their total shares, in accordance with the 2024 Law on Credit Institutions, which took effect on July 1.

As for VPBank’s performance, it earned nearly VND6.8 trillion (US$273.4 million) in after-tax profits in the first half of this year, surging 65 percent year on year, according to the bank’s financial report.

As of the end of June, its assets totaled VND864.4 trillion ($34.8 billion), up nearly VND47 trillion ($1.9 billion) compared with the beginning of the year.

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