While seen as an important step, Friday's announcement of a free-trade zone in Shanghai lacks clarity, particularly around interest-rate liberalisation, agree industry participants.
Elva Muk
Norway's central bank becomes only the second institution to exceed $1 billion in qualified foreign institutional investor quota, after the Hong Kong Monetary Authority. Norway's central bank becomes only the second institution to exceed $1 billion in qualified foreign institutional investor quota, after the Hong Kong Monetary Authority. Norway's central bank becomes only the second institution to exceed $1 billion in qualified foreign institutional investor quota, after the Hong Kong…
John Zhao, CEO of the $7 billion Chinese private equity firm, says investors need to look beyond near-term headwinds to “historic opportunities” that lie ahead.
While rules imposed after Lehman Brothers’ bankruptcy cause discord among fund firms, there’s evidence to suggest mutual funds are benefitting from improved investor confidence.
Regulatory freedoms granted to segregated-account subsidiaries of Chinese fund firms have seen the segment swell, but the risk of investor losses is going unnoticed, say sources.
Fund houses and banks have set out areas where they want regulators to provide certainty around the China-Hong Kong mutual recognition scheme for funds.
Barings hires new HK/China equities head, Loomis Sayles appoints EM head, AMP Capital makes changes, Bosera PM arrested, sell-side moves at Morgan Stanley and JP Morgan.
The Chinese Asset Management Association of Hong Kong has set up to hasten industry development, including mutual recognition, RQFII and an international sales framework.
Hong Kong’s central bank became the first foreign institution to surpass the $1 billion mark after China's foreign exchange regulator removed the cap eight months ago.
The Hong Kong arm of China's second largest securities firm is seeking to build a brokerage in the city after receiving an operations licence. It is targeting full-scale expansion over time.
The securities regulator CSRC is drafting new legislation to sharpen up the industry, which has shrunk 31% since 2011. Participants are hopeful it will usher in positive change.
China’s largest asset manager will begin trading its second RQFII ETF today, and has started planning its third. Yet investor interest is waning as outflows through July total $1.5 billion.
