The approval came weeks after rival JP Morgan’s authorisation.
Tag: Joint Venture
Allianz eyes asset management joint venture in China
It has reportedly held discussions with several banks in the country.
JPMAM buys out partnership in mainland
The firm is set to become the first foreign fund house with 100% ownership of an asset management joint venture in mainland China.
Amundi, Blackrock plan China wealth management JVs
Foreign controlling stakes are planned as the race to create wealth management partnerships hots up ahead of the lifting of restrictions next year.
China’s regulator alert to bond fund growth
China’s regulator has growing concern over short-term bond funds, which have almost doubled assets year-to-date.
ICBC Credit Suisse loses half of onshore assets
The joint venture between Credit Suisse and Industrial and Commercial Bank of China has lost its place as the largest onshore asset manager, according to the Asset Management Association of China (Amac).
Obstacles to foreign control of China JVs
Only a small number of large foreign asset managers are expected to apply for approval to hold a controlling stake in a Chinese asset management joint venture, according to Sean Hung, senior analyst at Moody’s Investors Service.
Morgan Stanley eyes majority stake in China JV
Morgan Stanley intends to increase its stake in the joint venture Morgan Stanley Huaxin Fund Management to a majority interest.
Is seeding funds a way to improve China distribution?
China should allow foreign firms to seed their own onshore funds via QFII quota, giving potential mainland clients the confidence to invest, said Eugenie Shen, head of the asset management group at industry association Asifma.
Hang Seng’s mainland JV eyes QDII scheme
The asset management joint venture of Hang Seng Bank intends to apply for quota under the qualified domestic institutional investor (QDII) programme, according to Rosita Lee, director of Hang Seng Investment Management and Hang Seng Qianhai Fund Management Company (HSQH).