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.
Tag: China
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.
HSBC GAM bullish on China’s F&B industry
China’s middle class continues to expand in number and in income, creating investment opportunities in the food and beverage industry as well as casinos, according to Mandy Chan, head of China and Hong Kong equities at HSBC Global Asset Management.
A look at Asia’s online fund distribution
Both China and India lead in online distribution initiatives in Asia ex-Japan. However, the drivers for online distribution are different in both markets, according to a study published by Boston-headquartered Cerulli Associates.
China’s corruption score improves
President Xi Jinping’s anti-corruption campaign appears to bear fruit as the country inches up in Transparency International’s newly-released 2017 Corruption Perception Index.
Fullerton launches onshore fund in China
Fullerton Fund Management, owned by Singapore state-run Temasek, has become the latest asset manager to be granted approval to sell an onshore private fund in China.
Report: Foreign managers to take 25% of China’s market
In a decade, global asset managers are expected to hold 25% of China’s mutual fund industry assets due to regulatory changes and the competitiveness of the foreign firms, according to a report by Shanghai-based consultancy firm Z-Ben Advisors.
China’s conglomerates target foreign fund houses
Chinese conglomerate Zhejiang Zhongnan has joined HNA Group and China Post Global in acquiring a foreign fund house, as more mainland groups seek a foothold in asset management.
Thai feeder fund among Asia’s best-sellers
Two mutual funds in Thailand and one in Hong Kong were among the 10 best-selling newly-launched products in Asia-Pacific in 2017, according to a Broadridge Financial report.
