The Chinese regulator has given the go-ahead for Blackrock and Temasek to form a wealth management joint venture (JV) with China Construction Bank (CCB).
Tag: China
Julius Baer collaborates with Beijing wealth institute
Julius Baer will be lending its expertise to improve the training and education of wealth management professionals in China.
Jupai’s revenues down 40% in Q2
The firm’s total AUM was also down 20% to RMB 37.5bn from June last year.
HSBC plans China wealth management hires
A recruitment drive in HSBC’s Asian wealth management business contrasts with massive cuts in the bank’s global workforce.
Mirae Asset to launch more China themed ETFs
The firm now manages $880m in China-focused thematic products in Hong Kong.
MRF northbound funds attract $100m in H1
Separately, Hong Kong investors have poured money into southbound products for the fourth consecutive month.
CCB Principal AM gains Hong Kong licences
Separately, UBS SDIC AM’s licences in the territory were removed.
China Minsheng affiliate receives SFC fund approval
The asset management arm of CMBC in Hong Kong has an investment team focusing on Greater China equities and Chinese offshore bonds.
Canada’s Power Corporation enters PFM market
The Montreal-headquartered asset and wealth manager also directly holds a 13.9% stake in China Asset Management.
Fund churning persists in China
Funds launched during the first quarter had massive outflows in the second quarter.