Neuberger Berman’s wholly-owned foreign enterprise (WFOE) in Shanghai has obtained a private fund management (PFM) licence from the Asset Management Association of China and has six months to launch a product.
Tag: China
Stock Connect turnover passes $1trn
The total value of trading over the two Mainland-Hong Kong Stock Connect schemes since the launch of the Shanghai link three years ago has surpassed $1trn.
China’s Jupai reports surge in net income
The NYSE-listed Chinese asset and wealth manager reported a 119% spike in net income year-to-September and expects to see “high double-digit” revenue growth over the next couple years.
Which firm will become the `Fidelity of China’?
A winning Chinese AM model is not just about scale but strategic M&A and cooperation with foreign managers, according to consultancy firm Casey Quirk, a part of Deloitte.
Blackrock launches AI-driven China fund
Blackrock has launched a China A-Share Opportunities Fund that uses machine learning, big data and artificial intelligence to invest in equities through the Stock Connect programme.
Singapore and China eye mutual recognition of funds
In a recent agreement to strengthen links between the two countries, the Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) said they would explore an MRF scheme.
Why is Newton IM bearish on China?
China is a bad place to invest for structural and macro-economic reasons, especially since a global economic downturn is on the horizon, argues contrarian Brendan Mulhern, real return strategist at Newton Investment Management.
Another Australia firm gets RQFII quota
Russell Investment Management in Australia received its first RQFII quota to invest in onshore China, becoming the third Australia-based asset manager to be granted an allocation.
Dim sum bonds endure, says JPM
China’s offshore dim sum bonds are not going to disappear any time soon, despite the expanding issuance of onshore panda bonds, said Stephen Chang, head of Asian fixed income at JP Morgan Asset Management.
APAC’s largest managers hit $6.9trn AUM
Asset managers in Asia-Pacific have reached $6.9 trn of AUM in 2016, up 1.3% from the previous year, according to a study by Willis Towers Watson.
