The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
HKEx CEO Paul Chow expects the arrangement to strengthen Hong KongÆs role as an access hub for money flowing in and out of qualified domestic institutional investor (QDII) and qualified foreign institutional investor (QFII) products.
Ronald Arculli, chairman of the HKEx, believes Hong Kong will play a key role in introducing international standards and best practices to Chinese issuers û which should in the longer term benefit investors as rules and regulations are harmonised.
Chow says there are also plans for closer cooperation in joint product development. He says the exchanges are already working to develop the first genuine A-share ETF product, which should be ready for listing in Hong Kong by the second half of this year.
Other possibilities on the horizon include callable bull and bear contracts, derivative warrants, futures and A-share based options û instruments which were previously unavailable to international investors but key to risk management in investing in the A-share market.
The agreement was signed by Chow and Zhang Yujun, president to the Shanghai Securities Exchange (SSE) in Shanghai. Other officials present at the ceremony included: Tu Guangshao, vice mayor of Shanghai; Geng Liang, chairman to the SSE; and Arculli.
Zhang says the SSE will prioritise stabilising the Chinese capital market this year. Aside from plans to further market infrastructure and deepen the level of institutional participation in the Chinese capital markets, the Shanghai exchange will focus on pushing the development of a domestic debt market and furthering the exchangeÆs product development.
Within this year, investors will see a Shanghai-Shenzhen 300 ETF and the mainlandÆs first publicly listed Reit available on the Shanghai exchange, Zhang says.
A stronger range of fixed income-based ETFs is also in the works. Instruments like these are expected to significantly contribute to improving liquidity in the highly regulated Chinese debt market.
Sunsuper and QSuper appoints CIO for combined entity; State Street appoints heads of HK and Taiwan; Nothern Trust rebuilds Apac team; Manulife IM names emerging markets fixed income CIO; RBC Wealth Management hires four into HK; Lombard Odier hires two senior equity managers; Allianz Global Investors appoints Asia hand as equity CIO; and more.
Investors from China and the US are expected to continue buying assets in each other’s markets despite the blacklist of Chinese firms with military and surveillance ties.
Stronger government actions are needed to meet the Paris Agreement goal of limiting global temperature rise to 1.5 degrees, investors such as Hesta and CDPQ signed in a statement.
AsianInvestor explains why we chose the winners of the second half of our 2021 fund manager winners, by major local markets.