The China unit of Silicon Valley venture capital firm Sequoia Capital has bought a stake in Income Partners, underscoring how asset managers are making technology adoption a top priority.
Tag: China
Report: China may curb some Hong Kong equity funds
The mainland joint ventures of First State, HSBC and Invesco are among the firms awaiting approval for Hong Kong equity funds, which the regulator is said to have halted due to concern over a surging Hong Kong stock market, local media reported.
Northbound MRF inflows plunge
Northbound funds under the Mutual Recognition of Funds (MRF) recorded weak sales performance in October, falling from a 13-month peak, according to data from the State Administration of Foreign Exchange.
SSGA sees 2018 as break-out year for China
2018 could be a break-out year for China, as the country’s economy is propelled by rising consumption, according to Rick Lacaille, global CIO of SSGA.
Moody’s sees slow, eventful opening of China’s bond market
The inclusion of RMB-denominated bonds in leading global indices will be a turning point for the onshore bond market, following the pattern of the Stock Connect, said Ivan Chung, an associate managing director at Moody’s Investors Service.
Value Partners: China’s tech giants to continue gains in 2018
In 2018, Value Partners’ fund manager Frank Tsui is bullish on the technology and consumer sectors across greater China with a preference for larger names.
Report: FoFs gain traction in the mainland
Investment in fund of funds in China has been building since the China Securities Regulatory Commission (CSRC) finalised guidance for retail FoFs in September last year, according to a report by Boston-based research firm Cerulli Associates.
Robo-advisors real impact may be cost-efficiency
The real contribution of robo-advisors — bringing cost-efficiency to banks — is overshadowed by the narrow human vs machine argument, according to said Zheng Yudong, CEO at a Beijing-based robo-advisor Xuanji.
China rolls out new rules for AM firms
Managers cannot offer investors a guaranteed rate of return, according to one prohibition in the draft guidelines for asset managers released by the People’s Bank of China.
UBS AM launches onshore fund in China
UBS Asset Management’s wholly foreign-owned enterprise (WFOE) in Shanghai has launched an onshore equity fund for domestic high net worth individuals and institutional investors in China.