Restrictions on foreign ownership of domestic fund management companies have officially been lifted, according to a statement from China Securities Regulatory Commission.
Tag: CSRC
Will unified QFII/RQFII help onshore funds?
China has proposed combining the two quota schemes, which could help foreign managers with private fund management licences seed their own funds.
Shanghai-London Stock Connect launch imminent
China’s securities watchdog has released draft rules for consultation for the cross-border programme.
In case you missed it (6 July 2018)
Finance and banking marketing directors earn way more than industry peers; Schroders’ WFOE installs fixed income manager; Aviva Investors creates Asia head of institutional sales role; institutional investors to raise emerging market debt exposure; Ostrum AM shuns tobacco investments; and more…
In case you missed it (15 June 2018)
Goldman Sachs predicts World Cup winner using AI; LGIM names head of APAC ex-Japan; GAM to open in Australia, hires from Blackrock; Asia HNWIs believe society has become more inclusive of women, but not much in Hong Kong; SFC fines account executive for not recording phone conversations; Schroders launches chatbot ‘Schroders Go’ in Singapore; and more…
China relaxes JV ownership rules
China’s securities regulator has relaxed joint venture ownership limits for foreign asset managers, further opening the domestic asset management industry to foreign firms.
China’s regulator approves three more FoFs
China’s regulator has given the green light to the second batch of funds of funds (FoFs), which are sold to domestic retail investors but could benefit funds sold through the Mutual Recognition of Funds scheme.
China grants new RQFII, QFII quotas to three firms
Eastspring Investments is among the firms that received an RQFII quota for the first time in March.
Two firms granted new RQFII quotas
Fidelity and Goldman Sachs Asset Management received RQFII quotas for the first time, and Pioneer AM was granted an RQFII licence.
China’s WM due for `cleansing’, says Noah WM
The ongoing regulatory crackdown on China’s wealth managers impacts on Noah, but Kenny Lam, group president of Noah Holdings, believes it is a positive in the long term.
