The brand recognition foreign asset management firms enjoy globally may have little impact on China’s domestic investors, who are most familiar with local asset management firms, said Mandy Lui, head of wholesale distribution for China, Hong Kong, and Singapore at BNP Paribas Asset Management.
To prepare for China’s MSCI indices inclusion, regulators in Hong Kong and China have announced a four-fold increase in daily trading quotas for the cross-border Stock Connect programmes.
Chinese investment banking giant China International Capital Corp (CICC) has launched its first exchange-traded fund in Hong Kong after its acquisition of New York-based Kraneshares last year.
The use of China’s renminbi continues to expand in international transactions as Vanguard allows investors to trade five ETFs in Hong Kong in the currency.
During the market plunge in February, northbound products sold through the China-Hong Kong Mutual Recognition of Funds (MRF) scheme hit record net outflows, according to data from the State Administration of Foreign Exchange (SAFE).
Despite the return of market volatility, a Vietnam equity fund managed by JP Morgan Asset Management has soared to the top as best performer, according to data from FE Analytics.
Adoption of environment, social and governance (ESG) measures in a fund relies on trust in the reporting from the companies, and disclosure and transparency remain a major challenge, according to David Li, senior portfolio manager at Impax Asset Management.
China’s regulator is likely allow 10 more foreign managers to sell private fund products in 2018, according to Miao Hui, senior analyst at Cerulli Institute, who leads the China research initiative.
Investec Asset Management and Taiwan-based Mega International Investment Trust were granted onshore investment quotas in March, according to records from China’s State Administration for Foreign Exchange (SAFE).
Neuberger Berman has joined the growing number of global fund managers who have launched an onshore private fund via a wholly foreign-owned enterprise (IM WFOE) in Shanghai.
Part of the Mark Allen Group.
