Two more foreign managers secure domestic licenses to launch onshore funds for China’s professional investors, according to the Asset Management Association of China (Amac) database.
Tag: China
DWS: Asian investors support local equity markets
Despite trade tensions, DWS remains overweight China equities and is eyeing India because domestic investors are pouring capital into their local markets, said Sean Taylor, the firm’s chief investment officer for Apac and head of emerging market equities.
Foreign managers seek more China assets
US-based firms, including Bridgewater Associates and State Street Global Advisors, have become new licence holders in China’s quota programme that allows them to invest in the country’s onshore markets.
Trade conflict aimed at China’s industrial project, says Robeco
US trade actions against China are actually targeting China’s 2025 project, a government initiative intended to move the mainland up the tech value chain, according to Victoria Mio, the firm’s chief investment officer for China.
Neuberger Berman obtains QDLP license
NB’s wholly foreign-owned enterprise (WFOE) in Shanghai has received approval for the qualified domestic limited partnership (QDLP) scheme.
Harvest aims to be China’s first global house
Ambitions run high at Harvest, where foreign offices and acquisitions outside of China form part of the firm’s strategy to become the first global Chinese asset manager, said Ashley Dale, chief business development officer at Harvest Global Investments (HGI).
China’s asset managers eye European investors
More China-based asset managers are expected to internationalise and target European investors, according to Alessandro Silvestro, Hong Kong-based managing director for Asia-Pacific at Lemanik Asset Management.
Obstacles to foreign control of China JVs
Only a small number of large foreign asset managers are expected to apply for approval to hold a controlling stake in a Chinese asset management joint venture, according to Sean Hung, senior analyst at Moody’s Investors Service.
Shortage of A-share analysts dawns on UK firms
The inclusion of 230-odd China A-shares was a hugely symbolic moment for UK and European investors but the region’s fund industry has failed to get ahead of the curve, with most firms lacking dedicated teams of analysts or products to invest in.
Morgan Stanley eyes majority stake in China JV
Morgan Stanley intends to increase its stake in the joint venture Morgan Stanley Huaxin Fund Management to a majority interest.