Twelve firms have applied for the QFII and RQFII programmes in the fourth quarter this year.

Twelve firms have applied for the QFII and RQFII programmes in the fourth quarter this year.
Puhui Wealth joins the growing list of Chinese firms expanding outside of the mainland.
China onshore investors exited Hong Kong-domiciled funds in October, according to China’s State Administration of Foreign Exchange (Safe).
Under the agreement, JP Morgan Asset Management (JPMAM) will be a “preferred product provider” to CMB Wealth Management (CMBWM), offering access to its offshore and onshore funds.
Several firms have joined the stable of China bulls, but SSGA has moderated its views on China equities due to macro-economic concerns.
One of the products that received approval is sub-advised by Aberdeen Standard Investments.
As the ETF market starts to attract investors in China, passive products could face a fee-driven shakeout, according to a local report.
China’s nascent ETF market is about 10 years behind the US in development, but on pace to catch up fast, according to JP Morgan Asset Management.
A senior China appointment signals that the firm may be coming off the sidelines to follow competitors, who have already launched multiple funds onshore.
Chinese regulators have been convincing domestic players to launch more index funds and ETFs, with the aim of institutionalising the stock market.
Part of the Mark Allen Group.