Eastspring, JP Morgan and Morgan Stanley face a six-month deadline to roll out their debut onshore products.
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Eastspring, JP Morgan and Morgan Stanley face a six-month deadline to roll out their debut onshore products.
Tariff escalation and alleged espionage by China are raising significant concerns for Value Partners, JO Hambro and UBP.
The Hong Kong-based firm expects to have five Kuala Lumpur-based employees by the end of the year, including sales and investment professionals.
Value Partners Technology Systems no longer has its licences in Hong Kong after the regulator removed them last month.
Plans include product launches in China and in Hong Kong and ETFs outside Asia, according to King Au, Value Partners’ Hong Kong-based CEO.
Despite a 1H profit slide, Hong Kong-listed Value Partners said it intends to open offices in Malaysia and the US and possibly launch a ‘core China’ fund in Europe.
Hong Kong-listed Value Partners has launched another onshore China fund through its investment management wholly foreign-owned enterprise (IM WFOE).
Funds sold in China through the Mutual Recognition of Funds (MRF) scheme had a record month of outflows in June and in total lost half of assets since January, according to the State Administration of Foreign Exchange (SAFE).
Foreign firms continue to build a base in China’s private fund market by becoming eligible to launch products for domestic institutional and high net worth investors.
Studies have pointed out institutions’ increased ETF usage, but this may not be the case for private banks in Asia, according to David Quah, Hong Kong-based co-managing director for Value Partners’ quantitative investment solutions team.
Part of the Mark Allen Group.