The firm’s Zhangle Global platform, built for the global Chinese community, has launched Cash Pro.
Five institutions have received new quotas in the first two weeks of December.
It will be the second biotech-focused ETF listed in the SAR.
Firms will have to be competitive in terms of how they price their products, according to a Hang Seng IM’s CEO.
Even foreign players have opened accounts with online fund platforms for selling investment products direct to investors.
Two Chinese asset managers were included in a survey of 75 leading firms – and they didn’t distinguish themselves, according to a responsible investment report.
The US-China phase one trade agreement provides opportunities for foreign asset managers in China’s growing retail funds market, according to a Moody’s report.
With foreign ownership limits set to be removed next year, will the new scheme provide global players opportunities to increase their participation in China’s $2trn retail market?
As China’s asset management industry opens and more foreign firms enter, regulations are not keeping pace, according to Xiao Gang, former head of the China Securities Regulatory Commission.
A Hong Kong subsidiary of TV manufacturer Tsinghua Tongfang has received licence approval from the SFC.