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.
Tag: China
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.
Blackrock: Asia equities go higher in 2018
Asia’s robust corporate earnings and continuing reform in key markets are expected to lift stock prices in 2018, said Andrew Swan, head of Asian and global emerging market equities at Blackrock.
China Everbright partners with German robo-advisor
Chinese state-owned financial conglomerate China Everbright Group has signed a partnership agreement with Ginmon, a German provider of robo-advisory services.
