Aviva Investors’ head of Asia Pacific, Richard Surrency, explains why expanding in Japan makes sense given the AUM growth there.
Five institutions have received new quotas in the first two weeks of December.
The Shenzhen-based asset manager is keen to expand its investments in overseas markets using its qualified domestic institutional investor (QDII) licence.
A record issuance of outbound investment allowances supports overseas diversification preferences among mainland Chinese investors.
The programme was initially expected to launch in 2015 but was delayed as authorities wanted to clamp down capital outflows.
The funds will focus on the “E” factor.
Most of the recipients were fund management companies.
A total of $12bn worth of quotas were issued this year.
Seven firms received the quotas for the first time.
The regulators just issued $3.36bn of fresh quotas last month, after QDII quota allocations were suspended in April 2019.