Chinese billionaires are young, self-made entrepreneurs with an increasing interest in investing in social impact, according to a new report from UBS and PWC Hong Kong.
Tag: China
Northbound MRF funds record highest inflow in 13 months
Northbound funds under the Mutual Recognition of Funds (MRF) set another record for net inflows in September, according to data from the State Administration of Foreign Exchange.
Premia Partners joins Hong Kong’s ETF market
The firm received a green light from the Securities and Futures Commission to launch two China-focused ETFs, according to the latest records from the regulator.
Survey: Chinese UHNWIs warm to family offices
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.
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).
