In addition to the new offices, the firm poached an exec from BNY Mellon Investment Management for a newly-created Hong Kong-based role.
Tag: China
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.
Noah sees investors turn hesitant
US-listed Noah Holdings reported double-digit net revenue growth during the first half, but noted that investors are increasingly moving to the sidelines due to market volatility.
China CFA candidates up 50%
Chinese candidates taking the CFA exam increased 49% to 50,000 this year, an indicator of China’s investment sector growth, according to the CFA Institute.
JPM AM aims for onshore private fund license
The US firm is reportedly about to join other global asset managers in applying for a private fund management (PFM) license in China, according to local media.
Chinese subsidiary internationalises in HK
Foresee Global Asset Management in Hong Kong is the latest firm to receive a licence that enables it to invest in onshore Chinese markets, according to records from the China Securities Regulatory Commission.
