The Chinese financial group Haitong International Securities has poached a Julius Baer banker to lead the unit.

The Chinese financial group Haitong International Securities has poached a Julius Baer banker to lead the unit.
The Hong Kong-based wealth manager has joined forces with US firms Leo Group and BFT Financial Group.
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.
The income-oriented product is available to Singapore retail investors.
Axa Investment Managers (IM) believes the recent regulatory actions will not overshadow the long-term growth opportunities in Chinese equities.
HSBC’s wealth business in Asia attracted $9.3bn of inflows in the first half of this year.
The launch of the Limited Partnership Fund (LPF) regime will cement Hong Kong’s position as an asset management hub, according to the Hong Kong LPF Association.
Hong Kong investors favour Asian equities, a Schroders Global Investor Study finds.
Part of the Mark Allen Group.