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.
Tag: China
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.
CIC’s Yun cites some reasons to be bullish on China
China is now in a Goldilocks situation, and it should continue in 2018, according to Edmund Yun, Hong Kong-based head of investment solutions at CIC Investor Services.
The plus and minus of China’s new foreign ownership rules
China recently announced it would ease foreign ownership limits for fund management firms, but huge challenges await foreign players that want to enter China’s retail investor market, industry sources said.
NB to launch onshore China fund
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.
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.
