Tag: china

Despite the fanfare from QDII ETF issuers and the Shanghai Stock Exchange, these products are unlikely to achieve the lofty aims set for them. The index provider is finally settling with the Shanghai Stock Exchange over an infringement lawsuit dating back to 2006. The Carlyle group announces its second renminbi fund, in partnership with Fosun, with an initial capital of $100 million. Amid other senior moves, the UK firm's head of China now oversees Hong Kong as well as the mainland. Isaac Souede, chairman of $20 billion fund of hedge funds Permal, says China does not respect the euro and that an American double-dip recession would spark protectionism in ... Meanwhile, stock-index futures will help boost liquidity and reduce volatility in the Chinese markets, says senior portfolio manager Frank Yao. The best way for China's banks to deal with a growing number of non-performing loans is to allow assets to be securitised and sold at distressed levels, argues political ... There are more opportunities in China now, but it's harder to find very attractive ones, argues Joe Chan of Galaxy Asset Management. An apparent change in behaviour by these institutions may be affecting investors' approach to the metal, says the World Gold Council. Investors have turned far less bullish on China and Europe, amid a global drop in risk appetite, according to Bank of America Merrill Lynch's February fund-manager survey. The US real-estate investment firm has until now been involved only in relatively developed Asian markets, but it sees opportunities arising in countries such as India. Asia ex-Japan stocks are currently valued at 13x forward earnings, with an expected growth rate of close to 20%, says Ray Prasad at Batterymarch. Recent stock-market corrections and the disappointing performance of IPOs in China are to be expected, says the California-based asset manager. Hedge fund manager Michael Liang lists the daunting tasks that lie ahead for China, including tackling rising inflation and property prices. Wu Yibing, president of Citic Private Equity Management, explains the workings of the firm’s newly closed Rmb9 billion fund. The big watershed in China this year will be an increase in cross-border renminbi settlements, says Aaron Boesky at Marco Polo Pure Asset Management. The Singapore-based fund of funds has stopped direct coverage of most mainland-based hedge funds, as a result of their lack of transparency. Jitendra Somani and Edmond Ng are the latest additions to HSBC Securities Services’ Asia-Pacific global custody leadership line-up. The Dutch asset manager gets the go-ahead for its sustainable private equity fund JV in China and looks set to gain master agent approval for fund distribution in Taiwan. ... KDB, KITC and Tong Yang are launching funds with China exposure for South Korean investors.