The Chinese Asset Management Association of Hong Kong has set up to hasten industry development, including mutual recognition, RQFII and an international sales framework.
Tag : rqfii
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.
After receiving $150 million in QFII quota in May, the US fund house is seeking retail money for its $710 million JP Morgan China Pioneer A-Share Fund.
Chair of the Chinese Asset Management Association, Ding Chen, denies it is lobbying against RQFII’s extension to Singapore and London, but one member reveals reservations.
HSBC Global Asset Management has become the first foreign fund house to receive this approval. It plans to invest the forthcoming quota mainly in fixed-income securities.
Market participants say that RQFII recipients in Hong Kong will still have advantages over London and Singapore - for now.
Representatives of the Hong Kong index are speaking to RQFII,QFII and QDII licence holders about possible products linked to its cross-border index, set for launch on July 22.
Fresh from winning its QFII licence and new RQFII quota, HFT Investment Management's Hong Kong unit aims to profit from China's ongoing currency liberalisation.
After launching a fixed income mutual fund in China, Taiwan's Yuanta will roll out a more unusual cross-border ETF, a big step forward for China, Hong Kong and Taiwan.
Market sources say HuaAn, China Universal, Da Cheng International and Bosera all plan to launch RQFII ETFs with their new quotas.
The initial batch of four products listed in Hong Kong, which attracted $6.4 billion in inflows last year, suffered a combined exodus in February, raising questions for future launches.