The London-based unit of the Beijing-based state-owned enterprise China Post Group has been granted an RQFII quota for the first time, according to the State Administration of Foreign Exchange.
The product will be the firm’s second locally-authorised mutual fund for investors in Hong Kong.
Goldman Sachs AI model fails to predict World Cup results; robo-advisor Bambu gets $3m funding led by Franklin Templeton; China Post lists coco ETF in Europe; SSGA registers 19 ETFs in Japan; hedge funds produce mixed results; SFC includes holding companies as professional investors; and more…
State-owned China Post Global has applied to launch a China A-shares ETF in Europe, adding to its Market Access range of ETFs on the continent, said the firm’s London-based managing director Danny Dolan.
Chinese conglomerate Zhejiang Zhongnan has joined HNA Group and China Post Global in acquiring a foreign fund house, as more mainland groups seek a foothold in asset management.
UBP’s AUM increases to $130bn; BNY Mellon IM creates head of intermediary distribution for Greater China role; Hermes IM hires for APAC business development team; BEA Union Investment launches China-focused multi-asset fund; Natixis’ Seeyond aims to double its AUM; China Post Global lists ETF in London for the first time; and more…
China Post & Capital Global Asset Management plans to launch Europe’s first A-shares smart beta ETFs later this year, and possibly launch them in Asia, said London-based managing director Danny Dolan.
China Post & Capital Global Asset Management has acquired 10 Europe-listed ETFs from Royal Bank of Scotland as RBS continues its strategy of selling its non-core UK businesses.