World leading Asia to surpass North Americas
Asia-Pacific is set to become the region with the largest number of high net worth individuals (HNWIs) and highest wealth growth by the end of 2015, after recording world leading growth in 2013.
China
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IFIA signs pact with Chinese association
An agreement has been signed by the Irish Funds Industry Association (IFIA) to encourage closer cooperation with its Chinese counterpart, the Asset Management Association of China (AMAC).
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Lion Global Investors given RQFII licence
Lion Global Investors has become the latest company to be awarded a Renminbi Qualified Foreign Institutional Investor (RQFII) licence, which will allow it to invest in Chinas domestic capital markets.
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Aberdeen awarded licence to
Aberdeen Asset Management has received its first RQFII licence, allowing it to become the latest company to invest directly into Chinas A-share market.
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Amundi plans Asian expansion
Amundi Group is planning to expand into Asia, according to its chief executive officer, Pascal Blanqué,
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Ashmore steps up operations in the Gulf
Ashmore appears to be stepping up its activity in the Middle East, with the appointment of its former Turkey chief executive to lead its efforts in Saudi Arabia.
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Lyxor launches LSE-listed China Ashares ETF
Lyxor has listed a China A-shares ETF on the London Stock Exchange in a bid to take advantage on increased investor appetite for the market.
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Chinese officials probe morgan stanley
A Chinese inquiry team has visited the offices of Morgan Stanley Huaxin Securities in Shanghai to further an ongoing investigation into a former official who was held in August on suspicion of taking bribes, the Financial Times has reported.
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UK at risk over Chinese money laundering
UK authorities have been warned that attempts to establish London as a hub for Chinese currency dealing could be scuppered by the increased use of the renminbi by money launderers.
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Heptagon offers daily liquidity with launch of
Heptagon Capital has announced the launch of the first actively managed China A shares fund to provide daily liquidity under the RFQII program.
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Two leading Chinese banks in money
Two leading Chinese banks have been accused of breaking foreign exchange rules by helping people take money out of the country.
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luxembourg for more fin cooperation with singapore
Luxembourg has called for increased international finance cooperation with Singapore spanning cross-border financial services, wealth and asset management.