Industrial and Commercial Bank of China (ICBC) introduced two indices tracking baskets of mutual funds, in anticipation of the approval of fund-of-funds (FoF) products by China’s regulators.
Category: News
UBS WFOE cleared for business in China
UBS Asset Management obtained a private fund management (PFM) license in China yesterday, allowing it to offer fund products to onshore clients, the firm announced.
In case you missed it – Asia Markets Updates
M&G Real Estate makes three senior appointments in Asia; Northern Trust appoints an institutional sales manager in Hong Kong; BNP Paribas names a new China CEO; China’s Creditease to provide investment advise in the US; Pimco and Impax see their AUM increase; Singapore and Thailand sign a fintech cooperation agreement; and more…
The FSA Spy market buzz – 14 July 2017
DBS hires; BNY Mellon IM adds; UBS and Maria; new funds on FSM One; searching for assets; top 400 managers; ETF hype and reality, and much more…
Investors find opportunities among China’s SOEs
Improvements in governance, management and efficiency make China’s state-owned enterprises (SOEs) an attractive choice for investors.
Fund selectors show lower interest in China
Fund selectors in Hong Kong, Singapore and Bangkok show diminishing interest in buying Chinese equities, according to Fund Selector Asset Class Research data.
China’s fund managers benefit from bank-backing
China’s bank-backed fund management firms saw higher net profit growth in 2016 than those without bank affiliations, according to a study by Cerulli Associates.
Insider trading at ICBC Credit Suisse
Former deputy head of trading at ICBC Credit Suisse Asset Management, Wu Tuofu, has been charged with insider trading, according to China’s state-run broadcaster CCTV.
CICC buys stake in Kraneshares
Chinese investment bank China International Capital Corp (CICC) has agreed to take a majority stake in the New York-based ETF provider Krane Funds Advisors.
Amundi obtains China MRF approval
The Chinese financial regulator has approved Amundi’s Asia-focus equity fund for sale onshore under the Mutual Recognition of Funds (MRF) program.
