Assets in China’s private fund industry grew to reach RMB 13.9trn ($2.16trn), doubled since 2015, according to data from the Asset Management Association of China (AMAC).
Tag: China
Ex-StanChart PB head charged with bribery
A former private banking head at Standard Chartered Bank in China has been charged by Hong Kong’s Independent Commission Against Corruption (ICAC) this week with accepting a bribe.
China’s OBOR to impact in 2018: HSBC PB
China’s growth will provide regional opportunities in infrastructure, financials and consumer products, said Fan Cheuk-wan, HSBC Private Bank head of investment strategy in Asia.
HKIFA: ETF Connect expected to launch in 2018
ETF Connect, the scheme that aims to link the exchange-traded fund markets of Hong Kong and mainland China, is expected to launch by the end of 2018, according to Sally Wong, CEO of the Hong Kong Investment Funds Association.
Blackrock: headwinds for Chinese tech, property
Sluggish demand for smartphones and curbs on property market are likely to hinder major gains in technology and property sectors in China in 2018, argues Helen Zhu, Blackrock’s head of China equities.
Netherlands’ APG receives QFII quota, partners with E Fund
Netherlands’ APG Asset Management, Duke University and Singapore Consortium Investment Management were among the firms that received QFII or RQFII quotas in December, according to records from China’s State Administration for Foreign Exchange.
BEA Union receives approval for northbound MRF fund
BEA Union Investment’s Asian Bond and Currency (ABC) Fund has gained approval to be sold on the mainland under the China-Hong Kong Mutual Recognition of Funds (MRF) scheme, according to a statement from the firm.
Fidelity leads the WFOE race
Fidelity’s investment-management wholly foreign-owned enterprise (IM WFOE) has launched two new funds while Blackrock and Schroders obtain private fund management (PFM) licences for their WFOEs.
Bond Connect still in ‘beta testing’
The slow development of Bond Connect and muted investor interest may delay the inclusion of Chinese bonds in global indices, according to industry sources.
Morningstar: Invesco Great Wall fund tops peers
A mixed-asset fund managed by Invesco Great Wall stands out among peers in Morningstar’s semi-annual ranking of best China funds, according to Rachel Wang, director of manager research in China.
