With improved conditions in emerging markets set to continue, economic growth in the sector is poised to accelerate, says Gonzalo Pangaro, lead fund manager of T Rowe Price’s Emerging Markets Equity Fund.
Manulife Investment (Shanghai) has been granted the wholly foreign-owned enterprise (WFOE) license with a registered capital of RMB 50m ($7.3m), the firm has announced.
The Guernsey Financial Services Commission (GFSC) has secured memoranda of understanding with all of China’s financial services regulators after signing an agreement with the China Insurance Regulatory Commission (CIRC) on Tuesday.
Marketriders, a US robo adviser recently acquired by broker Sogotrade, has its sights on the Hong Kong and China markets.
The freshly appointed chairman of the China Banking Regulatory Commission (CBRC) has vowed to close cross-market financial product loopholes and tighten oversight of the nearly CNY30trn (£3.5trn, $4.4trn, €4.1trn) held in Chinese banks’ wealth management products.
Harvest Global Investments (HGI), the international arm China’s Harvest Fund Management, has unveiled a new global distribution network to drive its expansion plans and attract new investors around the world.
China is considering easing the 50% ownership cap on overseas life insurers buying domestic companies in the biggest shakeup of the industry in almost two decades.
Life insurers in China will continue to invest in risky assets, despite a recent clampdown by the country’s insurance regulator amid a string of high-profile suspensions over stock market speculation, according to a report by Moody’s Investors Service.
The 151 guaranteed funds sold in China, will henceforth be called “risk-hedging strategy funds” to reflect their potential risks, according to the new guidelines released by the China Securities Regulatory Commission.
Assets under management across mainland China rose by 36% to 51.8trn renmimbi ($7.53trn, £6.0trn) in 2016 according to data from the semi-official Asset Management Association of China (AMAC).
Hetai Life Insurance has received approval from China’s insurance regulator to start operating as the country’s first-ever online life insurer.
Those born in the Year of the Rooster are said to be hard working, patient, resourceful and courageous. M&G Investments’ equity and fixed income teams explore how these characteristics can be utilised to help investors navigate through the challenges and opportunities to come.
