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.
Tag: China
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.
China tightens hold on $780bn MMF industry
Chinese regulators continue to rein in money market funds with new rules, but Tencent has launched its own MM product to compete with Yuebao, the world’s largest.
Hong Kong’s SFC reins in digital tokens
Following China and Singapore, Hong Kong’s Securities and Futures Commission has clarified its position on the offer of digital tokens in Hong Kong.
China tightens grip on fund industry
China’s State Council has released provisional regulations that impact foreign fund managers who operate in the country’s RMB 9.95trn ($1.51trn) private fund industry, according to a circular from the government.
Blackrock receives $2.27bn in RQFII quotas
Blackrock, First State and Mirae Asset were among the firms that received RQFII quotas in August, according to records from China’s State Administration for Foreign Exchange (SAFE).
Can China’s tech companies shape the Party?
The success of China’s “new economy” presents a challenge to the Chinese Communist Party’s view of its role in the free market economy, and highlights investment risks in China’s tech giants.
China plans another channel for offshore investment
The planned QDII2 programme will allow Chinese investors direct investment in offshore securities, but it is unlikely to spark interest, according to Stewart Aldcroft, Asia-Pacific senior adviser for markets and securities services at Citibank.
Are Chinese Bitcoin firms putting client funds in WMPs?
Two of China’s biggest Bitcoin exchanges are alleged to have put client money in risky wealth management products and are under investigation by the country’s central bank.
