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.
Tag: China
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.
In case you missed it (2 March 2018)
SSGA names new APAC head; Capital Group creates new fixed income role; Lombard Odier to launch a sustainable fund; more fintech cooperation agreements in Hong Kong and Singapore; China relaxes rules for foreign banks; SFC continues to watch for mis-selling of financial products; and more…
Invesco fund targets China’s epic OBOR plans
Invesco has launched a bond fund investing in the countries that potentially benefit from China’s multi-continent One Belt, One Road infrastructure project.
China Everbright acquires US asset manager
EBA Investments, the real estate asset management arm of Hong Kong-listed China Everbright, has bought Texas-based Arrow, which specialises in real estate investment.
UBS AM tops up RQFII quota
UBS Asset Management and Japan-based Asset Management One were among the firms that were granted onshore investment quotas in February, according to records from China’s State Administration for Foreign Exchange (SAFE).
Fosun buys stake in Brazilian wealth manager
China’s Fosun conglomerate adds wealth management to its operations after announcing it would acquire a Brazilian wealth manager for $52m.
