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.
China
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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.
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QFII investors bogged down by burdensome tax filings
International investors are finding the compliance around qualified foreign institutional investor (QFII) licences burdensome as they prepare to file their tax returns before the July deadline.
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Valuation gap drives China demand for HK stocks
The huge surge in money flowing into Hong Kong stocks, which pushed the Hang Seng Index up to a seven-year high earlier this month, has been linked to a recent change in the Stock Connect initiative. But fund managers said the change was only a catalyst for the influx in funds.
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Fresh Stock Connect rule signals boost in China-HK investment channel
A new rule which allows Chinese mutual funds to invest in Hong Kong-listed shares without a domestic institutional investor licence (QDII) is an “important signal” that regulators are eager to boost cross-border trading between the two regions.
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Chinese focus Fund manager profile
As emerging markets continue to splinter it is time to take an active position, says Wells Fargos Anthony Cragg. Right now his focus is on China, where he believes the greatest EM opportunities lie.
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Old Mutual Global Investors
Asset management firm Old Mutual Global Investors has appointed Simon Mackinnon to support its expansion in the Asia Pacific region.
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East Capital is first to invest 100 in A-shares
East Capital said its UCITS-compliant China fund has become the first to be allowed to invest up to 100% of its portfolio in Chinese A-shares through the Stock Connect program.