The China Securities Regulatory Commission (CSRC) has approved the first-ever public mutual fund run by a foreign asset manager.

The China Securities Regulatory Commission (CSRC) has approved the first-ever public mutual fund run by a foreign asset manager.
The local central bank branch has “cleaned up” the companies for providing illegal crypto trading activities, according to state-owned media reports.
The Shenzhen-based asset manager is keen to expand its investments in overseas markets using its qualified domestic institutional investor (QDII) licence.
Assets invested in China grew 34% in 2020, underlining the continued appeal of Chinese equities, Cerulli’s annual global markets report finds.
The China internet, housing and education sectors are likely to continue to be affected by tougher government policies, says Amundi.
Axa Investment Managers (IM) believes the recent regulatory actions will not overshadow the long-term growth opportunities in Chinese equities.
Pictet Asset Management’s wholly foreign-owned enterprise (WFOE) in Shanghai has registered as a Qualified Domestic Limited Partner (QDLP) Manager with the Asset Management Association of China (Amac).
The US asset manager is the second firm allowed to access the country’s retail investor market.
Raffles Family Office (FO) has opened an office in Beijing and boosted its presence in Hong Kong and Singapore.
The market cap of offshore tech sector has plunged 30% since regulatory scrutiny was stepped up.
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