Blackrock is applying for a private fund management licence in China with the goal of launching funds for high net worth and institutional clients, according to media reports.
Tag: China
China GDP growth surprises on the upside
China pulled off better than anticipated growth in the second quarter, leading analysts to speculate it could have greater momentum going forward.
UBS WFOE cleared for business in China
UBS Asset Management obtained a private fund management (PFM) license in China yesterday, allowing it to offer fund products to onshore clients, the firm announced.
China’s fund managers benefit from bank-backing
China’s bank-backed fund management firms saw higher net profit growth in 2016 than those without bank affiliations, according to a study by Cerulli Associates.
CICC buys stake in Kraneshares
Chinese investment bank China International Capital Corp (CICC) has agreed to take a majority stake in the New York-based ETF provider Krane Funds Advisors.
Regulators grant QFII quota and licences
First State and BOCHK received licences and US asset manager Hall Capital was granted QFII quota in June, according to China’s regulatory agencies.
Alibaba fund lifts China’s total AUM
The Yuebao money market fund had inflows of RMB 623.5bn ($91.8bn) in the first half of 2017 thanks to its 4% yield, according to mainland media.
Growing crop of HK robo-advisors adds another entrant
Hong Kong-based B2B robo-advisory startup Aqumon signed its first four clients to launch a fully-automated portfolio in the SAR and in China.
BMO PB sees HNWI caution rising
Clients in Asia are moving to defensive portfolios and investing in the basics, according to BMO Private Bank Asia CEO Monique Chan.
Morningstar adds and removes best China funds
The fund research firm has added three funds from HSBC, E Fund and Yinhua to its list of best Chinese onshore funds either awaiting approval or approved for sale through the MRF.
