Hong Kong financial company Mason Group Holdings has announced plans to build an offshore wealth management business with at least $3bn in assets through a series of acquisitions.
Tag: Hong Kong
China’s Yinhua Fund Management joins MRF scheme
Yinhua Fund Management, an independent mainland asset manager set up in Hong Kong, received approval from Hong Kong’s Securities and Futures Commission to sell a fixed income product in the SAR through the Mutual Recognition of Funds (MRF) scheme, according to the SFC.
MRF inflows from mainland investors stay strong
Despite a slight drop in assets, inflows into the five Hong Kong funds available for sale in the mainland through the MRF remain robust.
Hong Kongers’ retirement dreams grow harder to achieve
The gap between retirement dreams and projected reality has grown wider during the past year, according Allianz Global Investors’ survey of Hong Kong population.
Hong Kong’s private wealth assets grow by 9%
Hong Kong’s private wealth management assets reached HK$5.2trn ($670bn) in 2016, growing by 9% and increasing their share of the overall fund management business in the territory, according to a report by the Securities and Futures Commission.
Deutsche AM terminates 16 ETFs in Hong Kong
Deutsche Asset Management is delisting 16 DB x-trackers ETFs in Hong Kong, reducing by half the number of the firm’s ETFs listed in the SAR, according to records from the Hong Kong Exchange and Clearing.
In case you missed it – Asia Markets Updates
M&G Real Estate makes three senior appointments in Asia; Northern Trust appoints an institutional sales manager in Hong Kong; BNP Paribas names a new China CEO; China’s Creditease to provide investment advise in the US; Pimco and Impax see their AUM increase; Singapore and Thailand sign a fintech cooperation agreement; and more…
Amundi obtains China MRF approval
The Chinese financial regulator has approved Amundi’s Asia-focus equity fund for sale onshore under the Mutual Recognition of Funds (MRF) program.
Risk-off mode persists in HK and Singapore
Fixed income funds in Hong Kong and Singapore saw the bulk of inflows in the first quarter of 2017, while the demand for equity funds remained low, according to a Cerulli Associates report.
Regulators grant QFII quota and licences
First State and BOCHK received licences and US asset manager Hall Capital was granted QFII quota in June, according to China’s regulatory agencies.
