The pension schemes of 13 Chinese local governments are reportedly now in deficit, or close to deficit, and the number will only grow if nothing is done.
The newly merged group is the fourth firm to have won a China private fund management licence in the past month and is planning an equity fund.
BCT is among the first of Hong Kong's compulsory saving scheme providers to incorporate ESG factors for MPF products. But the city's ESG awareness is low.
Fund managers in China that have too many small funds may have to wait six months to win approval for new products, but there are exceptions and some room for manoeuvre.
Julius Baer appoints Taiwan head; UBS hires Asia WM COO; Pacific Eagle AM hires China expert; Generali names Asia distribution chief; Julius Baer CEO to join Pictet and more...
China will likely provide AI-enabled bespoke investment solutions before developed markets because of its lax data protection laws, experts say.