Under-allocation to A-shares and the attraction of emerging markets could send RMB 300bn ($43.6bn) into A-shares in 2020.

Under-allocation to A-shares and the attraction of emerging markets could send RMB 300bn ($43.6bn) into A-shares in 2020.
China onshore investors exited Hong Kong-domiciled funds in October, according to China’s State Administration of Foreign Exchange (Safe).
The launch follows the firm’s roll out of Taiwan’s first ESG ETF.
Chinese regulators have been convincing domestic players to launch more index funds and ETFs, with the aim of institutionalising the stock market.
Hong Kong-domiciled products sold in the mainland (northbound funds) continue to gather assets.
But the momentum of monthly net sales for Hong Kong-domiciled products sold in the mainland (northbound funds) slowed down in August.
Onshore money seeks offshore exposure and Broadridge says some popular northbound funds have an absolute return flavour.
A-share inclusion on major indices has led to interest among Chinese businesses in improving the ESG profile, according to Robeco.
However, the bank’s wealth management unit had net outflows of new money in the US.
However, pre-tax income was lower this year due to lower levels of market activity.
Part of the Mark Allen Group.