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.
Tag: China
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.
Foreign fund distributors in China prefer WFOEs to JVs
Wholly-foreign owned enterprises (WFOEs) in China have advantages over joint ventures (JVs) with mainland banks in onshore fund distribution, argue asset managers from Blackrock, Value Partners and ICBC Credit Suisse at the Fund Forum Asia 2017.
BCG: Chinese HNWIs assets to double by 2021
The investable assets among high net worth individuals (HNWIs) in China are expected to double to RMB 111trn ($16trn) in 2021, from RMB 54trn last year, according to a report from The Boston Consulting Group and Industrial Bank.
China awards RQFII quota to Malaysian firm
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.
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.
