ING Groep NV, the Dutch financial service group, has created a new China fund and aims to raise around $250 million and supplement its Asian product offerings, Reuters reported.

The ING China Access Fund uses 30-40 stocks from international exchanges that are concentrated on Chinese firms, focusing on private banking clients in the area and retail investors of Hong Kong, ING executives explained Monday.

China Enterprises index of H-shares (shares listed on the Hong Kong exchange mainland companies) reached its highest-ever level on record volumes.

Increased gains are projected through China’s flourishing economy, amplified investment from mainland China and probable yuan growth.

The fund is set to raise $250 million, but much higher levels of interest are anticipated, Christopher Ryan, chief executive of ING Investment Management Asia Pacific, said in a media briefing.

Michael Chiu, who also manages the ING Invest Greater China Fund, will manage the ING China Access Fund.