The regulator has approved five asset managers for onshore investment advisory services, continuing the shift from product sales-orientation to service-orientation.
Tag: China
Stan Chart to distribute Blackrock fund onshore
In total, Standard Chartered in China distributes around 200 QDII products managed by 10 foreign asset management firms.
China clarifies credit standards for WMPs
China continues to refine regulations aimed at opening its financial industry.
China sets foreign-ownership limits date
Separately, a number of foreign firms are set to hold a majority stake in a Chinese retail mutual fund business.
CCB Principal launches UK equities QDII product
Despite Brexit woes, the UK has become the latest choice for China’s qualified domestic institutional investors (QDII).
Chinese wealth manager sets up in Hong Kong
A Beijing-based firm has joined other Chinese wealth managers which have expanded offshore.
UBS AM tops China power ranking, Broadridge says
Both UBS AM and JP Morgan Global AM score high in terms of retail brand perception and local operational strength.
Northbound MRF inflows reach record high
But the momentum of monthly net sales for Hong Kong-domiciled products sold in the mainland (northbound funds) slowed down in August.
UBS to launch new China onshore bond fund
The asset manager’s WFOE taps into domestic demand for China fixed income.
GSAM keeps onshore fund structure sidelined
But in Hong Kong, the firm is building its retail business and has signed Standard Chartered Bank as distribution partner.