Eastspring Investments has joined the growing list of foreign asset managers who have set up an investment management wholly-foreign owned enterprise (IM WFOE).
Tag: China
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.
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.
