Nancy Qu, Author at Fund Selector Asia

BEA Union to launch China consumer strategy

Other fund managers have also promoted China’s consumer theme.

The penalty amount took into consideration the bank’s remediation actions to address deficiencies that were identified by MAS.

The asset manager also has a wealth management joint venture with BOC Wealth Management.

Following plans for establishing the entire island into a free trade zone.

It was not able to identify a new investment manager for the ETFs.

The firm also plans to roll out up to three more equity ETFs this year.

The firm is targeting China’s high net worth individuals.

Mainland investors have poured RMB 2.6bn ($400m) in Hong Kong-domiciled funds during the first two months this year.

Eleven firms became recipients last month of quotas amounting to $8.85bn

The fund aims to pay monthly distributions with an annualised dividend yield of around 4%.