A roundup of the week’s asset management industry news from mainland publications.
Tag: China
Citi Private Bank unfazed by A-share rout
“A degree of froth has come out of China’s market” and the bank’s fundamental view remains “very positive”, said Roger Bacon, Asia-Pacific head of managed investments, who shared his second half outlook with Fund Selector Asia.
AUM of mainland firms in Hong Kong leaps 81%
In 2014, mainland asset management firms accounted for HK$988bn ($127bn) or 5.6% of Hong Kong’s fund management business, the SFC said.
China’s Q2 growth fails to impress
China beat market expectations with a 7% year-on-year growth for the second quarter. But in the second half, fund houses are concerned about the financial sector.
China this week – July 2015
A roundup of China news relevant to the asset management industry for the week of July 13.
Ireland approves UCITS for Stock Connect
A rush of applications are expected after the Central Bank of Ireland’s clarification of rules governing how Irish-domiciled funds can utilise the Shanghai-Hong Kong Stock Connect, according to industry group Irish Funds.
BlackRock prefers India, China bonds
Asian bond markets are less vulnerable to the US interest rate rise and India and China are the two preferred countries for bond investments, said Joel Kim, head of Asia-Pacific fixed income at BlackRock.
Deutsche AWM launches China sovereign bond ETF
Deutsche Asset & Wealth Management has launched the first exchange-traded fund (ETF) on the European market to provide investors with exposure to China’s domestic sovereign bond market.
Hong Kong investors confident on China
Hong Kong retail investors continue to show confidence in local and mainland markets despite the recent correction and volatility, according to a J.P. Morgan Asset Management survey.
MRF draws in Hong Kong asset managers
Hong Kong has received 14 applications for products wishing to take part in China’s mutual recognition of funds (MRF) since the scheme launched on July 1.
