Chinese authorities target celebrities in tax evasion crackdown
The joint investigation is targeting China’s highest-paid celebrities, models and TV personalities
The joint investigation is targeting China’s highest-paid celebrities, models and TV personalities
Only 44% of Chinese people aged 18-34 have started saving for retirement
Barings, Income Partners and Van Eck Associates have recently set up in China
China’s new asset and wealth management guidelines will likely trigger a fresh wave of consolidation despite some recent revisions, according to Andrew Xia of Noah Holdings, a private Chinese asset management service provider.
Thanks to robust net inflows, China’s ETF market is now second in Asia behind Japan, data from Morningstar shows.
On the surface, Asia lags miles behind the west on key ESG issues – but the region is changing.
The risk of a trade war between China and the US has fuelled investor uncertainty. One fund selector has dropped their only China equity focused fund while another portfolio manager has reduced his China allocation.
Insurance giant Anbang is entirely under government control after the country’s regulator confirmed it has seized over 98% of the formerly privately-held conglomerate.
Socially-responsible investing is not about short-term gains, says Union Investment’s sustainability chief Florian Sommer, it’s about divining future business trends and working out which companies are best able to adapt.
Negative headlines have done little to help managers make investing in Africa an attractive proposition, but the sheer size of the continent and the opportunities on offer mean it is worth taking a second look, says Ashburton Investments’ Paul Clark,
More China-based asset managers are expected to internationalise and target European investors, according to Alessandro Silvestro, Hong Kong-based managing director, Asia Pacific, at Lemanik Asset Management.
China’s private wealth is growing at a break neck pace with four of its eastern provinces as wealthy as Portugal, according to analysis from Legal & General Investment Management (LGIM).