As generational change continues in China, ultra high net worth investors are much more concerned about wealth preservation and inheritance than before, according to a joint survey by Bain & Company and China Merchants Bank.
Tag: China
Xi: Market liberalisation to continue
China’s president Xi Jinping said in his speech delivered to the 19th Party Congress that Beijing will continue to liberalise the investment environment in China.
Philippines aims for Shenzhen stock connect
The Philippine Stock Exchange (PSE) is eyeing a potential partnership with the Shenzhen Stock Exchange while separately, the Asean trading link between regional exchanges has been shut down.
Chinese government wants stakes in widely-held web giants
China’s regulatory body for internet security is said to be in discussions for ownership stakes in tech giants such as Tencent and social media units under Alibaba, according to industry reports.
Study: China’s private fund market pulling in foreign AMs
China’s private fund market and pension funds present business opportunities for foreign asset managers, according to a Cerulli Associates report.
Noah aims to be China’s global private bank
Developing a global family office unit and offering discretionary mandates are part of the firm’s strategy to become a global Chinese wealth manager, according to William Ma, co-chief investment officer in Hong Kong.
China’s private fund industry hits $1.51trn
Assets in China’s private fund industry have grown 21% this year and reached RMB 10.21 ($1.51trn) as of the end of August, according to data from the Asset Management Association of China (AMAC).
Northbound MRF fund inflows hit record $1.6bn
Total net inflows for Hong Kong-domiciled funds available for sale in China through the MRF have surpassed the RMB 10.69bn ($1.62bn) mark for the first time since the scheme began at the end of 2015.
China Ponzi scheme execs to spend life in prison
The architects behind a Ponzi scheme that cheated 900,000 investors out of RMB 50bn ($7.6bn) were given life sentences.
Fullerton and Man Group to launch private funds in China
Singapore’s Fullerton Fund Management and alternatives specialist Man Group have received private fund management (PFM) licences from the Asset Management Association of China.