The global market plunge in the first quarter prompted investors to reduce global exposure and put money into China via the Mutual Recognition of Funds (MRF) scheme, data shows.
Tag: China
Value Partners in onshore fund push
In total, foreign players have launched nearly 80 onshore funds in the mainland via the PFM route.
Onshore fund approvals up in Q1
Foreign fund houses are increasingly launching onshore funds as China continues to open its financial services industry.
HSBC readies bond funds for onshore investors
The HSBC Asia High Income Bond Fund is one of three similar products which the firm plans to distribute via the MRF scheme.
Onshore defaults lower in Q1
Despite the coronavirus, China’s onshore defaults were lower year-on-year in the first quarter.
Asia fund selectors tilt towards Apac ex-Japan equities
Despite their pessimistic macroeconomic outlook, Asia’s third-party fund buyers are positive on China and Asia-Pacific ex-Japan equities, according to Last Word Media research.
JPMAM buys out partnership in mainland
The firm is set to become the first foreign fund house with 100% ownership of an asset management joint venture in mainland China.
How difficult is it to raise assets in China?
Only one foreign firm onshore, a UK-based manager, has exceeded the RMB 2bn ($280m) AUM mark.
Blackrock and NB first to apply for onshore license
The asset managers filed applications on the first day that China officially lifted the investment limitations for foreign fund management firms.
