Foreigners will likely own 15% of all onshore RMB bonds in five years, according to Angus To, deputy head of research at Industrial and Commercial Bank of China International.
Tag: China
Value Partners maps out aggressive product push
Plans include product launches in China and in Hong Kong and ETFs outside Asia, according to King Au, Value Partners’ Hong Kong-based CEO.
More China-focused thematic funds
BOCI-Prudential has launched an ETF investing in China’s ‘new economy’ while Manulife Asset Management debuts a mixed-asset product focused on China’s ‘bay area’ cities.
Bosera/ASI to launch EM bond fund
China’s Bosera and Aberdeen Standard Investments have filed an application to sell an emerging market bond fund under the Mutual Recognition of Funds (MRF) scheme.
Matthews Asia expands to Shanghai and Singapore
In addition to the new offices, the firm poached an exec from BNY Mellon Investment Management for a newly-created Hong Kong-based role.
China’s Jupai sees net income flatten
In the 1H, investors turned conservative, dragging down the value of wealth management products distributed by Chinese wealth manager Jupai, according to the firm’s CEO Ni Jianda.
Nomura AM gets QDLP license
At least eight foreign managers have received QDLP licences after China revived the programme at the beginning of the year.
Barings and Bridgewater become RQFII holders
Additionally, in August, RQFII quota went to UBS Asset Management, according to records from the State Administration of Foreign Exchange (SAFE).
Another China ETF exits HK
GF International Investment Management has decided to delist its China-focused ETF in Hong Kong, according to records from the Hong Kong Exchange.
Creditease appoints head of overseas WM
Beijing-based Creditease has set up an overseas wealth management department, the next step in its plan to gain marketshare in overseas Chinese wealth management and eventually list in the US.
