Separately, Hong Kong investors have poured money into southbound products for the fourth consecutive month.
Tag: China
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.
China leads ETF growth in Asia
Overall, ETF AUM across Asia (ex-Japan) fell by 0.8% during the first five months.
Singapore’s APS AM partners with Chinese firm
APS Asset Management will act as an advisor for a PFM fund in the mainland.
Northbound MRF funds see outflows in May
On the flipside, investors have continued to pour money into southbound funds.
Authorities to launch GBA wealth connect
The implementation details of wealth management connect (WMC), including the scope of eligible investment products, will be announced later.
Eastspring identifies A-share opportunities
The Covid-19 outbreak has significantly impacted the Chinese economy, but it is unlikely to undermine the country’s structural drivers, according to Eastspring Investments’s China equities CIO.
