China’s Creditease Wealth Management has entered into a partnership with Amundi Asset Management to launch joint products targeting Hong Kong investors.
Tag: Hong Kong
Fund approvals soar in Hong Kong
Hong Kong’s SFC issued approvals for 24 new funds to be sold in the territory in March, one of the highest numbers in its history.
RMB-based financial products debut
Oil contracts and Ucits funds have begun offering renminbi-based products after China scrapped some foreign exchange controls to catch up with international currency standards.
Barings: Beyond BATs
Investors in China’s technology sector should look beyond the flagship giants Baidu, Alibaba and Tencent, argues William Fong, director for Hong Kong China equities at Barings.
Hong Kong’s SFC goes after big guns
In separate moves, Hong Kong’s Securities and Futures Commission this month has gone after UBS, Deutsche Bank and CLSA for regulatory breaches.
Amundi AM may follow peers with China WFOE
Amundi Asset Management is considering setting up wholly foreign-owned enterprise (WFOE) in China and plans to launch more Hong Kong-domiciled funds, according to Zhong Xiaofeng, the firm’s CEO for North Asia.
Value Partners reports record profits
Hong Kong-based asset manager Value Partners has posted record net profits of HK$2.05bn ($261.5m) for 2017, almost 15 times those of the previous year, thanks to performance fees earned in the booming equity markets.
Apac ETF assets to quadruple by 2025
ETF assets in Asia-Pacific are expected to grow four times to reach $1.9trn by 2025, according to a report by Broadridge Financial.
HK’s non-ETF robo-advisor
Yunfeng Financial Group is using a proprietary fund selection process to add actively-managed funds from key managers to its robo-advisor Youyu Wealth, according to Li Ting, the firm’s CEO.
SFC’s Julia Leung takes on deputy CEO role
Julia Leung has been re-appointed as executive director for intermediaries and has been given a deputy CEO role for three years, according to a statement from the regulator.
