AMAC cautions on Shenzhen market The Asset Management Association of China reiterated warnings to asset managers about the ChiNext, a NASDAQ-type board of the Shenzhen Stock Exchange. Valuations of companies on the Shenzhen exchange have soared as investors expect the Shenzhen-Hong Kong stock connect to launch this year. The organisation said asset managers should encourage […]
Category: News
The FSA Spy market buzz 15 06 2015
Spy has been out with his magnifying glass pounding the streets and eavesdropping on gossip in cafés, but the summer lull has arrived and the world of Asian asset management is getting a little siesta time. Nonetheless, Spy has unearthed a few juicy tidbits on the jobs merry-go-round. Whilst savouring a fine Laphroaig (10-year-old vintage), Spy heard that Heidi […]
China’s HNWIs flood UK with investor visa applications
In 2014, more than 1,580 applicants for investor visas were Chinese, compared to 507 the year before, research from Radius Equity reveals. The investor visa scheme encourages high-net-worth individuals to invest in British companies in exchange for the right to apply for citizenship after five years. Despite the scheme proving to be a great success […]
Baring says to invest on the pullback in China
“In the very short term, the combination of profit-taking to invest in new issuance after the strong run we have seen [in indices] and the potential for tighter controls on margin financing could see a continuation of the market volatility we have seen in recent weeks,” Luo said. “After a very strong start to the […]
UBS Wealth to open second Hong Kong office
The firm’s new office will be located in the Tsim Sha Tsui district, across the harbour from Central, where UBS has its main office. UBS intends to serve clients on the Kowloon side of Hong Kong who have investable assets of $5m-$25m. The office opening is planned for the first quarter 2016 and will employ […]
Chinese QE – more curse than blessing?
Expectation is mounting that China is planning its own version of quantitative easing and investors weighing up how to play the world’s most populated country may struggle to assess the situation.
Vanguard launches first S&P 500 ETF listed in Hong Kong
Vanguard, which now has five ETFs in Hong Kong, said the total expense ratio (TER) of the new fund would be 0.25% annually, making it the lowest cost US equity ETF available in the special administrative region of China. “Today’s launch of the Vanguard S&P 500 Index ETF demonstrates our ongoing commitment to the Hong […]
HK, China mutual recognition of funds to take off 1 July
The Securities and Futures Commission and the China Securities Regulatory Commission today said they have signed a cooperation pact for the initiative and agreed on the implementation principles. “The mutual recognition of funds initiative is a major breakthrough in the opening up of the mainland’s funds market to offshore funds,” the SFC’s chairman Carlson Tong […]
SFC reveals public list of ‘cold shoulder’ orders
The new register, displayed on the homepage of the SFC’s website, names persons or companies who are the subjects of current cold shoulder orders made by the courts, the market misconduct tribunal or the takeovers panel. New York-based Tiger Asia Management is one such company appearing on the list. The hedge fund was slammed with a […]
Morgan Stanley floats Asia fixed income fund
The fund will invest in a range of Asia ex-Japan fixed income securities with no sector limitations. Through a top-down macro assessment process, the fund will invest in hard and local currency debt, sovereign and corporate debt, the firm said. “Following a growing emphasis on Asian bonds within the global strategy, the decision to launch […]
