No Brexit shockwaves in China markets, HSBC GAM says
Brexit has not had an impact on China’s markets, and valuations are historically cheap, according HSBC Global Asset Management.
China
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Record low gov’t bonds see rising interest in spread trading
With global growth slowing and developed-market government bonds at a record low, fixed income managers are focusing on opportunities in spread sectors.
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Axa inks strategic partnership with ecommerce giant Alibaba
French insurer Axa has entered into a worldwide strategic partnership to distribute its insurance products and services through the global ecommerce ecosystem of China’s Alibaba.
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Personal wealth leaving China sees AIA’s business grow 60%
One of Asia’s largest insurer AIA has reported a whopping 60% growth in the value of new business from mainland China as regulators struggle to stem the flow of personal wealth leaving the country via Hong Kong’s offshore insurance industry.
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Volatile 2016 may not be all bad, investors need to be agile
Investors will have to be much more nimble with decisions due to political risks ahead, but Brexit hasn’t clouded the outlook, said Daniel Murray, chief economist and head of research of EFG Asset Management’s wealth management business.
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In China, passive outdoes active
Over the trailing three years, more passive China equity funds than actively-managed ones had returns of 20% or more, according to FE data.
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US asset manager sets up in Hong Kong
US-based AQR Capital Management is to open an office in Hong Kong to focus on sales and client servicing while evaluating China’s investor base.
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Abu Dhabi Global Market signs closer ties with China
Abu Dhabi’s Financial Services Regulatory Authority (FRSA) has signed two agreements with China to improve collaboration and cooperation.
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Time to buy Asian equities – JP Morgan AM
Asian bonds might offer better returns in the short run, but it is equities investors should look at in the long term, said JP Morgan Asset Management Asia chief market strategist Tai Hui.
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Matthews Asia plans mainland China office
The fast development of China’s financial industry and the firm’s increasing interest in A-shares calls for an on-the-ground presence that will initially be research-focused, said Frank Wheeler, global head of distribution.
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ANALYSIS: Don’t forget the trouble in China
As Brexit fatigue tightens its grip on us all, particularly those who have been writing about it for a living, and the US gets going with its election, things have been suspiciously quiet on the China front.
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China’s banks seek Hong Kong wealth management operations
Mid-tier Chinese banks plan to expand wealth management activities in Hong Kong to serve mainland high net worth individuals (HNWIs), industry players said.