ANALYSIS: Volatility, bad omens and the dangers of central bank intervention
It is probably a good thing that most investors don’t tend to believe in bad omens.
China
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China’s market plunge puts economy at risk
The ongoing fall in China’s stock market puts the country’s entire financial system and structural reform agenda at risk, according to Axa Investment Managers and Schroders.
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BNP Paribas launches RQFII fund
French asset management firm, BNP Paribas Investment Partners, has launched a fund which offers access to Chinese A shares through its renminbi qualified foreign institutional investor (RQFII) licence.
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Ashmore launches equity fund focused on Chinese share growth
Emerging markets specialist Ashmore has launched a Chinese equity fund which will invest in companies with mid to long term growth potential across the country’s onshore and offshore markets.
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UOB Asset Management to roll out three RQFII funds
The Singapore-based firm said it will launch an RMB Onshore Money Market Fund, an RMB Onshore Bond Fund and an RMB Onshore Equity Fund in the coming months
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UK investor visa applicants from China soar
The number of Chinese nationals applying for UK investor visas tripled in the same year the Home Office introduced new rules that doubled the minimum threshold to £2m.
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Global Horizons: Life trends with Aviva
Chris Wei, chief of Aviva’s global life insurance arm is tasked with driving growth in the Asia region after the firm’s recent mega-merger with Friends Provident International.
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China and Hong Kong open the door to cross-border fund sales
Hong Kong and China are to allow cross-border trading of mutual funds from 1 July, increasing the range of fund products available to retail investors in both markets and giving asset managers around the world access to the huge Chinese domestic market.
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RSA completes sale of China insurer Sun Alliance
London headquartered-RSA Insurance Group has completed the sale of its China-based business, Sun Alliance Insurance, as it continues to focus on its core markets and “clean up its past weaknesses”.
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China opens door further by clarifying ‘beneficial ownership’
The China Securities Regulatory Commission has said Northbound investors buying through the Stock Connect enjoy proprietary rights, clarifying a key outstanding issue for foreign investors.
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HEAD-TO-HEAD: BlackRock Asian Dragon vs Investec Asian Equity
China’s central bank announced a cut in its benchmark interest rate on 10 May, the third reduction since last November, in attempt to combat an economic slowdown and relieve deflationary pressures.
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China proposes Bond Connect plan
A Chinese clearing house is considering the launch of a “Bond Connect” scheme which would mirror the Stock Connect initiative, creating an investment link between the mainland and Hong Kong debt markets.