China adds 30% more billionaires in 2019 despite the ongoing trade dispute with the US and slowing domestic GDP growth, according to the Hurun Global Rich List 2020 report.
Category: China
China Top Trumps – Greater China equities
This week FSA presents a quick comparison of two Greater China equity products: the AB China Opportunity Portfolio Fund and the New Capital China Equity Fund.
China 5G ETF gains $2.85bn in mainland
The rollout of 5G across the country is expected to be delayed, but the passive product from Beijing-headquartered China Asset Management has nonetheless become popular, according to data provider Wind.
China’s asset managers try online roadshows
The global spread of the coronavirus has encouraged fund houses in China to interact online with investors, instead of the usual face-to-face roadshow.
MRF products suffer two-way outflows
China onshore investors exited Hong Kong-domiciled funds in October, according to China’s State Administration of Foreign Exchange (Safe).
Xi: Market liberalisation to continue
China’s president Xi Jinping said in his speech delivered to the 19th Party Congress that Beijing will continue to liberalise the investment environment in China.
Are Chinese equities in synch with other markets?
In a look-back at Chinese equity funds, FSA examined correlation of the sector’s returns with several other geographic sectors of mutual funds available for sale in Hong Kong.
BOS negative on China equities
Potentially aggressive US trade policy and China’s expanding credit are top concerns, according to Richard Jerram, the bank’s chief economist.
EFGAM lays out China risks
A stronger US dollar remains the biggest risk, said Mansfield Mok, senior fund manager of New Capital China Equity Fund.
Despite slowdown, Chinese HNWI numbers grow
The number of HNWIs in China grew by a double-digit percentage year-on-year and overseas investments already account for 16% of their invest-able assets, according to a recent whitepaper by CITIC Private Bank and Hurun Report released last week.
