Bosera, SLI to launch EM fund in Hong Kong
In an east-west asset management partnership, SLI and Shenzhen-based Bosera International launched the Emerging Opportunities Bond Fund in Hong Kong on Monday.
In an east-west asset management partnership, SLI and Shenzhen-based Bosera International launched the Emerging Opportunities Bond Fund in Hong Kong on Monday.
Around $39bn fled funds in Asia during the first quarter of this year, and one asset class took an enormous hit, according to data from Strategic Insight.
More than 2,000 private fundraising and management firms will be forced out of the Chinese market, according to the China Securities Regulatory Commission (CSRC) and the Asset Management Industry Association of China (Amac).
China’s central bank has relaxed the rules for mainland corporations looking to issue bonds offshore, according to the People’s Bank of China.
The regulatory body of the Abu Dhabi Global Market (ADGM) signed an MoU with the China Banking Regulatory Commission (CBRC) on 28 April 2016, its first such agreement with an Asian regulator.
A combination of strong corporate earnings and the stabilisation of both the Chinese renminbi and global oil price are making “deeply undervalued” Japanese equities more attractive, according to Tokyo-based Sompo Japan Nipponkoa Asset Management (SNAM).
An agreement for the Shanghai-London Stock Connect is expected to be signed in September, according to local reports.
The China Insurance Regulatory Commission (CIRC) has warned that Hong Kong insurance products are not protected under mainland law, as the mainland insurance industry tries to claw back business from Hong Kong.
South Korean-based Samsung Asset Management and Mirae Asset Global Investments along with China’s CSOP Asset Management are among the firms planning to launch crude oil exchange traded funds (ETFs) in Hong Kong.
Returns from mainland funds might look attractive to overseas investors, but be aware of the differences in product design and investment style, said Morningstar China director of manager research, Rachel Wang.
Tourism is going to be one of the most compelling consumer stories to come out of China during the coming decade, according to Macquarie Investment Management.
However, Japan is among the markets least likely to outperform this year, according to a sentiment survey of 1,200 institutional and professional investors conducted by Credit Suisse.