Both Hong Kong and China domiciled funds sold in the cross-border scheme collected assets in April, SAFE data shows.

Both Hong Kong and China domiciled funds sold in the cross-border scheme collected assets in April, SAFE data shows.
The previous general manager has left the firm.
The demand for wealth management products distributed by the firm was down during the period.
Other markets in Asia shed fund assets this year, but China’s retail mutual fund industry recorded net inflows, according to Amac data.
The mainland asset management unit of the private bank is expanding its China footprint.
The US asset manager has applied to China’s regulator for a licence to access the country’s retail investor market.
Following S&P, Fitch Ratings has obtained a license that allows the firm to rate the securities of onshore China companies.
The Hong Kong-based firm aims to participate in the MRF programme in addition to planning PFM funds this year.
William O’Neil will be competing against other foreign quant players that have launched products in China.
Effective June, QFII and RQFII quota restrictions will be lifted.
Part of the Mark Allen Group.