Value Partners gets approval for China fund operation
The vehicle is the firm’s first offering under the Mutual Recognition of Funds scheme
The vehicle is the firm’s first offering under the Mutual Recognition of Funds scheme
The firm is also continuing its build-out in the mainland, despite onshore sentiment
The operation will aim to serve the investment needs of high net worth individuals in China.
Company will be the nation’s first-ever foreign wholly-owned insurance holding company
Move will take three years but Chinese regulator will accept applications from 2019
This launch comes after Malaysian investors have poured money into China-focused equity funds
Chief executive Mike Wells wants to ‘grow into the footprint quickly’
China set to become second-largest market globally with assets under management tripling to $12.6trn
Could open market share opportunities for Korean and Taiwanese companies
Recent tech valuations have the potential to plummet 95%
China/US trade tensions will not hit equities across the board, says UBP chief investment officer
X-Men actress skewered over so-called ‘yin-yang’ contracts used to avoid paying tax