Despite capital controls, Chinese investors still contributed 47%, or $28.2bn, of Asian outbound real estate investment in 2016, according to CBRE.
Tag: China
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.
China grants quotas for four AM firms
Pioneer Asset Management was among the firms that received an RQFII quota for the first time in February.
Harvest Global reveals international expansion plans
Several senior hires on the sales and business development side are part of the China-based firm’s wide-ranging effort to drive cross-border investment.
Survey: Beijing, HK top choices for industry CEOs
Global asset and wealth managers put Beijing and Hong Kong among the top cities expected to provide growth opportunities, according to a PwC survey.
Principal-CCB tie up remains as other JVs breakup
Rex Auyeung, who will retire as Principal Financial Group’s Asia chairman in June, believes a corporate culture match is key to his firm’s long joint venture with mainland powerhouse bank CCB.
