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China’s mutual fund AUM nears RMB 20trn milestone

The industry was up 35% in 2020.

Stashaway’s global growth-oriented investment portfolios saw bulk of the inflows.

Investors have been attracted to CSI 300’s broader holdings.

Changing personal and business behaviour, structural shifts and rising inequality shape the bank’s investment strategy in 2021.

Affin Hwang AM and Hong Leong AM are the latest to launch investment apps in the country.

The SFC has also signed similar agreements with Netherlands, mainland China, Switzerland, the UK, Luxembourg and France.

Unlike other markets in Asia, investment strategies focusing on the sector have not become widespread yet in both countries.

Separately, the firm has raised at least $300m in its Series A funding round, led by Seoul-based Hanwha Asset Management.

Hong Kong’s financial regulator has set out steps for fund managers to include measurable climate-related disclosures.

The firm manages the most number of L&I products in the SAR.