Guaranteed funds in the mainland, worth RMB 320bn ($46.5bn), will be called “risk-hedging strategy funds” to reflect potential risks, according to the new guidelines released by the China Securities Regulatory Commission.
Category: News
Bank of Singapore warns on `hard Brexit’
A `hard Brexit’ is the base case scenario for BOS and it will likely result in decline of both the pound and UK equities.
The FSA Spy market buzz – 10 February 2017
Prudential pinches from OCBC; Bordier & Cie loses; Capital Group hires; OMGI likes gold; AB calls China straight; BMO and passives; Euro debt; Stan Chartered’s charges and much more.
CSRC halts kickbacks on investor introductions
The Chinese regulator put a stop to `client service fees’ paid by fund management firms to third-party sales agencies that introduce new institutional clients.
India has `short-lived disruption’
Despite turmoil resulting from India’s November demonetisation of high-value bank notes, the economy is expected to rebound this year, according to Schroders.
E Fund to close RMB bond fund in HK
The E Fund RMB Mainland China Bond Fund will be terminated after heavy redemptions in January.
China funds: active vs passive
FSA has found that actively-managed China-focused funds for sale in Hong Kong fared better than ETFs focused on the sector, but it’s due to more to technical than strategic reasons.
China asset management industry tops $7.5trn
Assets under management rose 36% to RMB 51.8trn ($7.54trn) in 2016 according to data from the semi-official Asset Management Association of China (AMAC).
XIE Shares launches leveraged Chimerica ETF
Hong Kong-based EIP launched its first leveraged ETF providing 2X exposure to Chinese companies listed in the US.
Is the MRF a one-way scheme?
After 1.5 years, China’s regulator still hasn’t explained the delay in approving northbound funds through the MRF scheme, raising questions about how mutual the scheme is, according to industry players.
