The China Securities Regulatory Commission (CSRC) has approved the first-ever public mutual fund run by a foreign asset manager.
Tag: CSRC
HK and China launch ETF connectivity scheme
Two Shenzhen-listed ETFs will each invest in products managed by Hang Seng Investment Management and CSOP Asset Management in Hong Kong.
BOCHK AM eyes second MRF product
There are seven other Hong Kong-domiciled MRF funds that are awaiting regulatory approval from the Chinese regulator.
Value Partners brings dividend fund to onshore China
The fund, which has an 18-year track record, is distributed through the Mutual Recognition of Funds scheme.
More foreign firms file QFII applications in China
Foreign asset management firms have been applying for licences to invest onshore in China.
Bank of China IM eyes Singapore set-up
Separately, China-based Penghua Fund Management and CCB Principal Asset Management are planning to establish subsidiaries in Hong Kong.
China approves more investment advisory licences
The regulator has approved five asset managers for onshore investment advisory services, continuing the shift from product sales-orientation to service-orientation.
China sets foreign-ownership limits date
Separately, a number of foreign firms are set to hold a majority stake in a Chinese retail mutual fund business.
Ex-CSRC head: tighten oversight
As China’s asset management industry opens and more foreign firms enter, regulations are not keeping pace, according to Xiao Gang, former head of the China Securities Regulatory Commission.
China’s regulator learns from illiquid fund panic
Reacting to “liquidity risk management in overseas markets”, the CSRC has proposed a tool to counteract illiquid mutual fund investments.
