Hong Kong-based asset manager Value Partners has posted record net profits of HK$2.05bn ($261.5m) for 2017, almost 15 times those of the previous year, thanks to performance fees earned in the booming equity markets.
Tag: China
China’s retail finance set to grow, says JPM AM
Services offered by China’s securities brokerages, banks and insurers are not yet in wide use among domestic households, creating growth opportunities, said Howard Wang, co-manager of the JP Morgan China Pioneer A-share Fund.
Eastspring moves into China with WFOE
Eastspring Investments has joined the growing list of foreign asset managers who have set up an investment management wholly-foreign owned enterprise (IM WFOE).
China’s regulator approves three more FoFs
China’s regulator has given the green light to the second batch of funds of funds (FoFs), which are sold to domestic retail investors but could benefit funds sold through the Mutual Recognition of Funds scheme.
China AMC and Tobam launch smart beta strategy
China Asset Management Company has partnered with French asset manager Tobam to launch a smart-beta A-shares strategy, aiming to attract international investors in the run-up to the MSCI’s scheduled inclusion of China’s onshore equities in its indices.
Will US steel tariffs affect China’s producers?
US president Donald Trump appears set to impose tariffs on steel and aluminium, but sources said they will likely have a minuscule effect on China, the world’s largest steel producer.
China’s Noah reports 2017 net income up 20%
The NYSE-listed Chinese asset and wealth manager reported a strong 2017 and said that investible assets in China far outstrip the size of the mainland’s asset management industry.
After 2.5 years, BEA Union fund gets MRF nod
The prolonged approval process for northbound funds via the Mutual Recognition of Funds (MRF) scheme will not deter BEA Union Investment Management from launching products via the fund passporting programme, the firm’s CEO Eleanor Wan told FSA.
BOCHK’s fund hunts for Apac high income
BOCHK Asset Management’s balanced fund will target high-dividend stocks and bonds, primarily in Hong Kong and China.
Italian firm to launch onshore fund in China
Italy’s Azimut has been granted approval from the Asset Management Association of China (AMAC) to register as a private fund management firm in China and the firm has six months to launch a product onshore.
