BlackRock’s exchange-traded funds arm is putting a new sales-support function in place, but has no plans to launch an RQFII ETF investing in A-shares.
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RMB globalisation
Internationalisation of the renminbi is one of the key themes for China's, and broader Asia's, asset management industry.
Boasting a broader array of issuers based on credit fundamentals not just FX appreciation, the $25 billion offshore RMB bond market is catching the eye of insurers, among others.
With an RMB clearing bank about to be established in Taiwan, industry players reflect on the potential opportunities and how they believe the market will grow.
The firm is looking to pair offshore bonds with onshore securities with a view to giving Hong Kong pension savers access to the asset class, when regulations permit.
Singapore Exchange says its renminbi equity trading facility will offset market risks that might arise from Hong Kong Exchange's platform.
Speculation about the imminent arrival of the cross-border funds scheme between Hong Kong and the mainland appears off the mark.
The proposed scheme will fail to live up to the hype initially because the size of the opportunity needs to be put into perspective, says Shiv Taneja of Cerulli.
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Ping An Asset Management sees potential to offer advisory credit analysis on fixed income funds to foreign institutional investors as China increasingly opens up its interbank bond market.
