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.
Tag: Moody’s
Moody’s sees slow, eventful opening of China’s bond market
The inclusion of RMB-denominated bonds in leading global indices will be a turning point for the onshore bond market, following the pattern of the Stock Connect, said Ivan Chung, an associate managing director at Moody’s Investors Service.
In case you missed it – Asian Funds News and Analysis
HK’s private wealth association adopts “Treat Customers Fairly” charter; Schroders hires from SLI for multi-asset role; Hang Seng names new CEO; China Foreign Exchange Trade System and HKEX form Bond Connect JV; Massive recruitment from Chinese fund houses in Hong Kong, according to Aquis Search; HK’s Court of Appeal dismisses Moody’s appeal; and others…
Five views on Moody’s downgrade of China
Asset managers comment on Moody’s decision to lower China’s sovereign credit rating by one notch to A1 from Aa3, with stable outlook.
Moody’s revises global AM industry outlook to negative
Moody’s has revised its outlook of the global asset management industry to negative from stable for reasons linked to regulations and the performance of active funds.
Active management sector needs to shrink – Moody’s
The active management industry will have to shrink substantially, Moody’s Investor Services argues in a new report on the growth of passive investments.
Moody’s appeals HK ruling
The ratings agency has appealed the decision to fine and reprimand it for a critical analysis of Chinese companies.
Hong Kong ruling may curtail critical analysis
Hong Kong’s recent ruling on Moody’s Ratings for a research report will have a chilling effect on further critical research, argues activist David Webb.
Moody’s `red flag’ report appeal overruled
Hong Kong’s Securities and Futures Appeals Tribunal (SFAT) has affirmed the SFC’s findings on the Moody’s China “red flags” report.
Russian debt given junk status
More bad news for Russia as the ratings agency downgrades the country’s sovereign debt, citing a greater likelihood of downside risk than upside relief.
