China’s increasingly complex financial system “has sown financial stability risks”, and high yield products from asset managers are part of the problem, the IMF said in its recent report.
Tag: China
Aberdeen Standard gets onshore licence in China
Aberdeen Standard Investments joins UBS AM, Fidelity and a handful of others with concrete plans to launch an onshore China fund after being granted a private fund management (PFM) licence by the Asset Management Association of China.
Blackrock nabs more RQFII quota
Blackrock, Rongtong and KB Asset Management were among the firms that received RQFII or QFII quotas in November, according to records from China’s State Administration for Foreign Exchange.
CSRC: Approval process for HK equity funds resumes
China’s regulator has clarified its position on the halt of Hong Kong equity fund approvals and released some rules for firms intending to launch them.
China’s new AM rules no big shock for JVs, says BNPP
China’s proposed rules for asset management should have minimal impact on foreign asset managers, which tend to have a high-level of transparency and adequate risk-control measures in place, said Xingdong Chen, chief China economist at BNP Paribas (China).
Report: Chinese managers told not to offload A-shares
To support market stability, China’s regulator has told mainland fund houses not to yield to redemption pressure on their A-share holdings, according to local media.
VC Sequoia takes stake in Income Partners
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.
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.
