The firm has more than doubled its China staff, but not one of them is involved in investment management.

The firm has more than doubled its China staff, but not one of them is involved in investment management.
The plan for the Guangdong-Hong Kong-Macao Greater Bay Area proposes cross-boundary distribution of bank wealth management products and mutual fund transactions.
After a terrible 2018, Asian equities seem to be recovering this year, driven by the appeal of low historical valuations, according to Allianz Global Investors.
The London-headquartered firm is also planning to expand its client base in Asia to include wholesale investors.
The London-based unit of the Beijing-based state-owned enterprise China Post Group has been granted an RQFII quota for the first time, according to the State Administration of Foreign Exchange.
China has proposed combining the two quota schemes, which could help foreign managers with private fund management licences seed their own funds.
Raffles Family Office expects to grow AUM to $10bn and double headcount to 100 in the next two years.
Affin Hwang AM has launched three China-focused products in Malaysia this month and it has plans to develop leveraged and inverse products.
The opening of China’s investment industry has resulted in a 21% year-on-year increase in mainland Chinese exam-takers.
QDII funds, which mainland firms use to invest onshore capital outside of China, still account for less than 1% of China’s RMB 11trn mutual fund market, according to data from Morningstar Direct.
Part of the Mark Allen Group.