Around 200 mainland firms have won approval to run asset management businesses in Hong Kong in the past year. But concerns have been raised about the inflow of such players.
Unsettled issues include greater clarity around ownership and investor protection in the event of disputes with local authorities, though Beijing is making some headway.
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.
European institutional investors are seeing growing appeal in Asian real estate, while Asian investors continue to be enamoured by overseas purchases.
China will likely provide AI-enabled bespoke investment solutions before developed markets because of its lax data protection laws, experts say.
The country's first unified rules on the asset management industry are targeting wealth management products. But several experts predict issuance will rise, despite the tougher rules.
The fund house is laying off most of its investment and operations staff in Hong Kong and Singapore in a post-merger restructuring, while keeping teams intact elsewhere in the region.
Fidelity International is understood to have created a Greater China head of investment solutions role, while Manulife AM’s international head of portfolio solutions has moved on.
The imminent launch of a new low-cost fund scheme will lead investors to put money into low cost funds, while forcing change on Japan's fund manufacturers and distributors.
The British asset manager has added to its real estate team in Singapore as it anticipates an eastward wave of capital from European institutions.
Assets are changing hands among state-owned entities to support the first pillar of the pension system in China, but the asset management business is unlikely to reap benefits from this.
Investors are concerned by the high valuations and increasing risk in equities, but are keeping their allocations due to a lack of alternatives and more upside potential, say experts.
Structural market changes and the onset of Mifid II are driving a move to online bond trading, even in Asia.
Several senior staff are believed to have left the fund house following its merger with Pioneer Investments, including heads for Asia institutional and China, as well as a lead equities PM.
Low product variety and a preference for active stock picking are preventing rapid growth of exchange-traded funds in Asia, experts said at the Inside ETFs conference.
Having majority stakes in Chinese fund management joint ventures should give overseas firms more certainty in setting remuneration levels and bringing in talent.
In the first of a two-part article on Beijing’s easing of foreign-ownership limits on financial services firms, some market experts suggest the changes will not have a big impact.
Last week mainland regulators handed private fund management licences to Invesco and Value Partners, and eased foreign-ownership limits on financial services firms.