A new Asia CEO at JP Morgan Private Bank; a senior sales appointment and fund launch from BNPP IP; Northern Trust’s new Seoul branch; the expected launch of the Hong Kong-China Bond Connect this year; higher interest rates in Hong Kong; more fintech cooperation in Asia and a deceleration in investment momentum in Asia-Pacific’s private equity market…
Tag: China
Is a WFOE better than having a JV in China?
Foreign asset managers with China plans may find that establishing a wholly foreign-owned enterprise (WFOE) is better than having a joint venture.
Manulife granted a full-platform WFOE
Manulife is able to launch products in China ranging from traditional securities to private assets.
In case you missed it – FSA News Update
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…
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.
