Mid-tier Chinese banks plan to expand wealth management activities in Hong Kong to serve mainland HNWIs, industry players said.
Tag: China
Pressure builds on RMB after Brexit
China’s yuan as well as regional currencies are likely to see selling pressure, according to analysts who opined on the outcome of today’s vote.
China offshore bonds may see defaults
Authorities have allowed domestic bond defaults and may soon give the green light to their offshore counterparts, said Arthur Lau, head of Asia ex-Japan of fixed income at Pinebridge Investments.
Path cleared for `widespread’ foreign ownership of AM firms
Hang Seng Bank’s majority stake in a mainland fund house signals a relaxation of rules governing foreign ownership rules in the financial industry, said Z-Ben Advisors.
Brexit would hit China’s plans for yuan
China does not want Britain to leave the European Union for a variety of reasons, analysts said.
China’s innovative companies have high ROE
Fidelity International’s portfolio manager Raymond Ma sorts through China’s low growth economy for innovative strategies.
Hang Seng cleared for AM partnership in Qianhai
Chinese regulators have approved Hang Seng Bank’s application to take a majority stake in a new asset manager based in Qianhai, Shenzhen.
Water fund aims to flow with world demand
It’s not only essential for life, but also for expansion of industries and economies, according to Simon Gottelier, senior investment manager at Pictet Asset Management.
MRF: more of a pop than a blast
Six months into the MRF scheme, one lesson is that northbound funds should focus tightly on distribution strategy to gather assets, industry players said.
Pioneer sees China as key investment risk
China’s miscommunication to the markets and lack of transparency in carrying out financial reforms are investment risks for the region, according to Monica Defend, Pioneer Investments head of global asset allocation research.
