A report from Legg Mason saying US GDP could hit a 20-year high; a European distribution platform launches in Singapore; more fintech cooperation in Asia; appointments at Natixis and notable items during China’s NPC meeting…
Tag: China
US robo advisor eyes Asia
Marketriders, a US robo advisor recently acquired by broker Sogotrade, has its sights on the China market, though strict capital controls are an obstacle, said Sogotrade CEO Jonathan Yao.
The hunt for Chinese dividends
Sherwood Zhang, co-manager of the Matthews China Dividend Fund, finds wide variance among sectors that pay dividends and those that don’t.
Hang Seng’s mainland JV debuts product
Hang Seng Bank’s Shenzhen-based mutual fund joint venture has launched an equity-focused fund, said Rosita Lee, the lender’s head of investment products and advisory business.
Chinese outbound RE investment slows
Despite capital controls, Chinese investors still contributed 47%, or $28.2bn, of Asian outbound real estate investment in 2016, according to CBRE.
New CBRC chief to `safeguard’ $4.4trn in WM products
Guo Shuqing, the newly-appointed chairman of the China Banking Regulatory Commission (CBRC), has vowed to close cross-market financial product loopholes and tighten oversight of the nearly CNY30trn ($4.4trn) held in Chinese banks’ wealth management products.
JPM to expand MRF sales coverage in China
JP Morgan AM lifted the subscription cap of its Asian bond fund selling through the mainland through the Mutual Recognition of Funds (MRF) scheme earlier this month, after northbound funds overall recorded net outflows for three months in a row.
Blackrock gets $1.6bn RQFII quota
Blackrock became the first asset manager in the US to be awarded an RQFII quota (RMB 11bn) by China’s State Administration of Foreign Exchange, according to a statement from the firm.
Jupai loses co-founder and director
Top execs are being reshuffled as Wesley Weishi Yao, co-founder and COO of the US-listed Chinese wealth manager resigns along with an independent director.
Distribution a challenge for ETFs in China
Fees and distribution, as well as investor education, are cited as the biggest hurdles for ETF sales in the mainland, said panelists at a Hong Kong Investment Funds Association event.