The Hong Kong-based firm aims to participate in the MRF programme in addition to planning PFM funds this year.

The Hong Kong-based firm aims to participate in the MRF programme in addition to planning PFM funds this year.
William O’Neil will be competing against other foreign quant players that have launched products in China.
Foreign fund houses are increasingly launching onshore funds as China continues to open its financial services industry.
Only one foreign firm onshore, a UK-based manager, has exceeded the RMB 2bn ($280m) AUM mark.
UBS Asset Management continues to introduce onshore funds against the background of strong market volatility and imminent global recession.
The US firm had a joint venture with Ping An, which ended in 2015.
Other offshore players that have a private equity business in China include Hong Kong-based Value Partners.
In total, UBS Asset Management has 10 private funds sold in the mainland.
Private fund management (PFM) license holders who have not registered funds have been granted six more months.
Onshore fund launches continue, with NB receiving approval for its fifth local fund for sale via the private fund management (PFM) channel.
Part of the Mark Allen Group.