China’s State Council has released provisional regulations that impact foreign fund managers who operate in the country’s RMB 9.95trn ($1.51trn) private fund industry, according to a circular from the government.
Category: News
Franklin Templeton invests in robo-advisor
Franklin Templeton Investments has made a strategic investment in Bambu, a Singapore-based provider of core technology for robo-advisory platforms.
Blackrock receives $2.27bn in RQFII quotas
Blackrock, First State and Mirae Asset were among the firms that received RQFII quotas in August, according to records from China’s State Administration for Foreign Exchange (SAFE).
China’s Noah grows asset management AUM 37%
NYSE-listed Noah Holdings reported growth in both asset and wealth management revenues in the second quarter of 2017, compared to the same period in 2016.
Financial planners surge in Malaysia
The number of firms engaged in financial planning in Malaysia has increased by 45% since 2015, while the number of licensed financial planners has grown by around 23%, according to Ahmad Fairuz Zainol Abidin, Malaysia’s Securities Commission deputy chief executive.
Analysis: Is ESG a scam?
As capital pours into green-themed funds, nobody is questioning why a growing list of ESG ‘champions’ are under investigation for involvement in a massive, multi-year environmental scandal.
Cazenove name is no more in Asia wealth manager rebrand
Cazenove Capital’s Asian wealth and private banking business is to be renamed Schroders Wealth Management.
Strong Q2 for HK mutual funds
The assets in Hong Kong SFC-registered mutual funds grew by 15.3% over the past 12 months, according to the regulator’s quarterly report for June 2017.
Expensive funds don’t earn their fees
In a quick comparison of the most and least expensive mutual funds, FSA finds that on average the ones with high fees tend to underperform more often than those with low fees.
China debt-buying via Bond Connect has strong July
The launch of Bond Connect contributed to the biggest jump in foreign ownership of Chinese debt in ten months, according to July data from China Central Depository & Clearing (CCDC).
