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.
Tag: China
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.
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.
