US ETF manager VanEck Investments and BOB Scotia International Asset Management are among the firms that received RQFII and QFII quotas for the first time.
Tag: China
In case you missed it – Asia Finance News
Irish industry body launches guidebook for Chinese managers; Japan’s Asset Management One appoints Hermes for ESG services; Singapore’s MAS and IFC collaborate to advance fintech innovation in the Asean region; Hong Kong’s SFC bans ex-Citibank employee for forgery; and others…
Vanguard joins global firms in China WFOE setup
Vanguard is the latest firm to launch a wholly foreign-owned enterprise (WFOE), enabling it to carry out various onshore investment services, according to a statement from the firm.
Industrial Securities moves into private banking
Fujian-based Industrial Securities has set up a private banking arm serving China’s high net worth individuals with RMB 6m ($873,000) or more of investable assets.
Neptune China fund manager Douglas Turnbull exits
Neptune Investment Management’s £32m ($41.5m) China fund manager Douglas Turnbull has left the firm after more than 10 years.
HNA looks to buy a stake in Value Partners
Value Partners’ stock price jumped 8.6% before suspension on Monday amid reports that China’s HNA Group is looking to buy a stake in the firm.
MRF finally sees net inflows
Northbound funds under the Mutual Recognition of Funds (MRF) recorded net inflows of RMB 67.4m (9.8m), the first time in six months inflows beat outflows, according to latest data from the State Administration of Foreign Exchange.
Retaining China robo-advisory clients
Chinese robo-adviser firms could use data to personalise their services, bringing clients closer to a private banking experience, according to Gregory Van Den Bergh, CEO of Chinese robo-advisory developer Micai.
HK puts China’s AM applications on watch
“Responsible officers” listed on an increasing number of mainland asset management firm applications will get tougher scrutiny from the Hong Kong’s Securities and Futures Commission, according to Julia Leung, the SFC’s executive director for intermediaries.
The peculiarities of China ESG investing
Chinese companies account for a tiny percentage of ESG-filtered emerging market ETFs, even though China is 26.5% of the MSCI EM Index.