China insurance watchdog denies Anbang asset sale pressure
The China Insurance Regulatory Commission (CIRC) has denied asking insurance giant Anbang to sell its overseas assets and bring the proceeds back to China.
China
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China gov’t tells Anbang Insurance to sell overseas assets
Chinese authorities have reportedly asked Anbang Insurance Group to sell its overseas assets, which include life insurers in the Netherlands, South Korea, and the United States, as the country’s insurance regulator prepares to ramp up its supervision of the sector.
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China remains a hotbed for Ponzi schemes despite crackdowns
Ponzi schemes remain rife in China because of financial naivety and a collective desire for unfeasibly high returns, an academic at the Renmin University of China in Beijing has said.
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Deutsche AM: Hot Asian equities have room to run
Asian equity markets are up, but they are not in a bull market, according to Sean Taylor, Deutsche Asset Management’s Hong Kong-based managing director and Asia Pacific chief investment officer.
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China GDP growth surprises on the upside
China has posted better than expected growth over the second quarter, leading analysts to speculate it could have greater momentum moving forward.
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UBS AM granted private fund license in China
Swiss bank UBS has announced that its Chinese asset management arm has been granted a license to manage money for institutions and wealthy investors onshore in China.
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China cuts and delays VAT levy on asset managers again
China has cut and again pushed back plans to levy a value-added tax on asset managers for returns on assets under management, adding a further six-month reprieve on an already 14-month grace period.
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China opens $9trn bond market to foreign investors
Foreign investors are now able to buy and sell Chinese bonds via Hong Kong after the country’s central bank approved its Bond Connect scheme, but no date has been set to allow investors in China to invest in foreign bonds.
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Adviser slams IoM regulator over Quadris Environmental fund
A Shanghai-based financial adviser has heavily criticised the Isle of Man Financial Services Authority (IoMFSA) over how it has handled the fallout of the Quadris Environmental Forestry Fund, which invested in Brazilian teak plantations.
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Harvest Global funds first to get Swiss-HK recognition
Specialist China and Asian markets asset manager Harvest Global Investments has become the first firm to qualify funds for the Switzerland-Hong Kong Mutual Recognition of Funds (MRF) scheme.
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What next after China’s MSCI inclusion?
Wealth and asset managers give their views on the implications of the MSCI inclusion of A-shares and where they find investment opportunities onshore.
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ANALYSIS: Why has MSCI taken so long to embrace A-shares?
MSCI has finally included China A-shares in its emerging market indices, but the decision seems long overdue.