The regulators just issued $3.36bn of fresh quotas last month, after QDII quota allocations were suspended in April 2019.

The regulators just issued $3.36bn of fresh quotas last month, after QDII quota allocations were suspended in April 2019.
While the masses struggle with the impact of coronavirus, China’s most well-healed have enjoyed the biggest wealth increase in two decades, according to Hurun’s latest annual report.
The firm now manages five onshore products in the mainland.
It is also the only foreign asset manager that set up a WFOE in Tianjin, a city near Beijing.
On top of its QDLP business, Neuberger Berman offers PFM funds to qualified investors and is expected to tap the country’s retail fund market.
But JP Morgan AM and Blackrock are catching up, according to Broadridge’s ranking exercise of global managers.
The US-based hedge fund manager will apply its All Weather strategy to the new fund.
The investment case for Asia tech remains strong as the region’s companies benefit from structural support, according to JP Morgan Asset Management.
Despite stricter rules governing index funds, passive investment demand will continue to drive the ETF boom, according to Cerulli Associates.
For the first time since March this year, investors in Hong Kong pulled money out of southbound funds.
Part of the Mark Allen Group.