CIMB-Principal Asset Management became the first fund manager in Malaysia to be awarded an RQFII quota by China’s State Administration of Foreign Exchange (SAFE), according to the regulator’s records.
Tag: China
CPIC buys GTJA Allianz Fund Management
China Pacific Insurance Co. (CPIC) announced the acquisition of a 51% stake of GTJA Allianz Fund Management from Guotai Junan Securities for RMB1.05bn ($152m).
China’s de-risking push may signal big changes
The Chinese government’s warning on financial risk this week has put pressure on the country’s equity and bonds markets.
Study: JPM remains China’s dominant foreign manager
JP Morgan remains a top player in China’s highly competitive fund business, according to Z-Ben Advisors’ annual ranking of foreign financial services firms in the mainland.
Outflows still plague MRF funds
Northbound funds selling onshore in China under the Mutual Recognition of Funds (MRF) continued to see more inflows, although the net sales remained negative in March, according to latest data from the State Administration of Foreign Exchange.
CCB: WFOEs have low chance of success in China
The path to success in China for a foreign fund management firm is the joint venture with a Chinese firm, argues Xianzhou Jiang, vice chairman and CEO of China Construction Bank (Asia), even though wholly foreign-owned enterprises (WFOEs) are now allowed to launch investment products on the mainland.
Bottom 10 China equity funds in Q1 2017
FSA presents the 10 worst performing China equity-focused funds during the first quarter of 2017.
Top 10 China equity funds in Q1 2017
FSA presents the 10 best performing China equity-focused funds during the first quarter of 2017.
UBS AM eyes the onshore China market
UBS Asset Management has launched a Hong Kong mutual fund platform, setting sights on distribution into onshore China market, said Markus Egloff, head of wholesale client coverage for Asia ex-Japan.
China is off the map for Latin American investors
Capital controls, regulatory changes and slowing economic growth are concerning to Latin American investors, according to Mariano Sardáns, CEO of wealth management firm FDI – Gerenciadora de Patrimonios in Buenos Aires.
