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.

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.
China does not want Britain to leave the European Union for a variety of reasons, analysts said.
Fidelity International’s portfolio manager Raymond Ma sorts through China’s low growth economy for innovative strategies.
Chinese regulators have approved Hang Seng Bank’s application to take a majority stake in a new asset manager based in Qianhai, Shenzhen.
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.
Six months into the MRF scheme, one lesson is that northbound funds should focus tightly on distribution strategy to gather assets, industry players said.
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.
A long record of poor performance may be over for EM equities, but the view is still contrarian, said Robert Secker, investment specialist on the M&G global emerging markets team.
For the first time, China has granted US asset managers an RQFII quota, which totals RMB 250bn ($38bn).
Don’t be misled by the lazy summer, risk management now has high importance, according to Roger Bacon, Citi Private Bank’s Asia-Pacific head of managed investments.
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