Two Hong Kong equity funds managed separately by BOCHK Asset Management and Hang Seng Investment Management were approved for distribution to mainland domestic investors via the Mutual Recognition of Funds (MRF) scheme, according to the China Securities Regulatory Commission (CSRC).
UBS becomes first foreign player to apply for 51% JV ownership in China; Z-Ben says not a single Chinese fund manager is willing to sell a 51% stake; Credit Suisse poaches Julius Baer veteran; UTI AM launches an India multi-asset fund in Singapore; HSBC launches two lower carbon funds in Hong Kong; HKMA alleged to launch a crypto investment product; and more…
The asset management joint venture of Hang Seng Bank intends to apply for quota under the qualified domestic institutional investor (QDII) programme, according to Rosita Lee, director of Hang Seng Investment Management and Hang Seng Qianhai Fund Management Company (HSQH).
UBS Wealth Management has bolstered its Greater China coverage with three new appointments that will cover Chinese ultra high net worth (UHNW) investors.
UBS AM’s and Invesco’s wholly foreign-owned enterprises (WFOEs) are the latest to launch onshore funds in China, targeting the country’s domestic high net worth individuals and institutional investors.
Funds sold under the China-Hong Kong Mutual Recognition of Funds (MRF) continued to see net outflows in March after an all-time high outflow in the previous month, according to data from the State Administration of Foreign Exchange (SAFE).
China’s securities regulator has relaxed joint venture ownership limits for foreign asset managers, further opening the domestic asset management industry to foreign firms.
London-based Highclere International Investors and Hong Kong-based CIFM Asset Management are the latest recipients of China’s inbound quota schemes, according to records from the country’s State Administration for Foreign Exchange (SAFE).
China has relaxed its outbound investment schemes with the revival of the qualified domestic institutional investor (QDII) programme and the expansion of two other outbound programmes, according to records from China’s State Administration of Foreign Exchange (SAFE).
UBS Asset Management has replaced JP Morgan Asset Management as the top ranked foreign fund manager in China in terms of building a good China strategy, according to a report by Z-Ben Advisors.
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