Net cross-border sales of the four Hong Kong funds available to mainland investors saw growth slow in April, but it was still 24 times higher than the southbound flow.
Tag: China
More foreign AMs entering China
Chinese investors are looking at offshore products for diversification and, in response, foreign asset managers are entering the mainland, according to consultancy Z-Ben Advisors.
Jupiter says China tourism boom to lift Asia retail
A surge in Chinese travellers over the past five years has made the country the world’s second-largest tourism market, accounting for half of the growth in the world’s travel industry, said Jason Pidcock, head of Asian income strategy at Jupiter Asset Management.
Martin Currie eyes China’s A-shares
The MSCI decision in June will be an important signal to foreign investors, said investment director and Asia CEO Paul Danes.
Chinese fund subsidiary applications on hold
Manulife Teda Fund Management and six other fund houses which have submitted applications to open fund subsidiaries must meet newly-tightened regulations, according to state-run Securities Times.
CSRC takes action on fund subsidiaries
China Securities Regulatory Commission announced action in five cases, and confirmed it is drafting new rules to oversee fund subsidiaries.
Japan’s deflation may spread to Asia
GAM investment director Tim Love said the weakening of the Japanese yen puts downward pressure on currencies throughout Asia.
China quiet on Shenzhen-HK Connect
China’s number three man visited Hong Kong and failed to mention the Shenzehen stock connect scheme, but Credit Suisse believes it is still launching this year.
BNPP sees big changes in China’s fixed income
The asset class is undergoing significant changes as authorities pull away from an implicit promise to protect investors from bond defaults, said Chi Lo, Greater China senior economist at BNP Paribas Investment Partners.
US hedge fund the first to open in China
Bridgewater Associates, led by Ray Dalio, became the first foreign hedge fund to set up a wholly-owned subsidiary in the Shanghai Free Trade Zone.
