Yinhua Fund Management, an independent mainland asset manager set up in Hong Kong, received approval from Hong Kong’s Securities and Futures Commission to sell a fixed income product in the SAR through the Mutual Recognition of Funds (MRF) scheme, according to the SFC.
Category: News
Asia’s investors join the European bandwagon
Asset allocators in Hong Kong and Singapore tell FSA they are planning to increase allocation to European equities and data shows that capital flows into European equity funds have been increasing.
MRF inflows from mainland investors stay strong
Despite a slight drop in assets, inflows into the five Hong Kong funds available for sale in the mainland through the MRF remain robust.
Neuberger Berman adds to China equity team
Neuberger Berman has hired a five-strong team to bolster its China equity offering.
The FSA Spy market buzz – 21 July 2017
JP Morgan AM hires; Fidelity and the Asian financial crisis; Hedge funds live; HSBC thinks tech; Nordea’s AUM; OCBC gets honest; Neuberger joins the chorus; and much more.
China AMC’s rat trading case revealed
For a second time this month, Chinese state media disclosed details of a case involving insider trading at a mutual fund house. This time China Asset Management is involved.
In case you missed it – Markets and Funds News Updates
Value Partners names Yu Xiaobao as head of China business; UBP’s operating expenses increase due to Coutts Asia integration; Blackrock’s ETF assets breach $1.5trn mark; Cerulli expects global mutual fund assets to hit $100trn by 2020; Singapore’s fintech association rolls out a comprehensive fintech directory; BofAML sees global fund firms allocate more to Japanese equities; Australia launches its first stewardship code for fund firms; and more…
HK regulator inks cooperation pact with UK
The Securities and Futures
Commission signed an agreement with the UK’s Financial Conduct Authority (FCA) to strengthen cross-border regulatory cooperation.
Hong Kongers’ retirement dreams grow harder to achieve
The gap between retirement dreams and projected reality has grown wider during the past year, according Allianz Global Investors’ survey of Hong Kong population.
China’s robo-advisor Xuanji expands overseas
Xuanji, a Beijing-based robo-advisor, announced plans to launch a fully automated portfolio service in Asia, its first foray outside China.
