A roundup of the week’s asset management industry news from mainland publications.

A roundup of the week’s asset management industry news from mainland publications.
While money market ETFs are losing their attractiveness due to near zero interest rates in most parts of the world, they are popular in China as the recent stock rout has investors turning to fixed-income products for safety.
Industry sources are cheering the set of new stimulus introduced last week by several emerging countries to address slowing growth. The Chinese government reduced the minimal down payment for first-time home buyers while India’s central bank unexpectedly reduced its repo rate from 7.25% to 6.75%.
A roundup of the week’s asset management industry news from mainland publications.
Shenzhen-based boutique Munsun Asset Management is building a team to service private clients, as it sees Chinese individuals and families looking to diversify their international exposure.
A roundup of the week’s asset management industry news from mainland publications.
The Stock Connect and Mutual Recognition of Funds initiatives have prompted the research firm to issue calls on China’s onshore funds through a China “best ideas” list.
If any further evidence was needed of the long-term direction for global financial markets, one need look no further than Aberdeen Asset Management’s announcement that it has been granted a business licence to operate in China.
Aberdeen Asset Management looks set to become the first UK fund manager to become licensed to operate in China, as a deal with Beijing authorities is expected to complete this week.
China has been under scrutiny the past few weeks, and it seems industry sources have a growing concern over the government’s economic reform efforts.
Part of the Mark Allen Group.