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Based in Shanghai in the new role, Chen reports to Garry Hawker, head of investment consulting for Asia ex-Japan.
Chen is charged with providing investment consulting services to Chinese institutions, with a particular focus on government and pension funds. This is in line with Mercer's added focus on the rising popularity of corporate annuity funds in China.
ôEver since China started its pension reform in the 1990s, it became evident that corporate-sponsored new enterprise annuity pension plans would play an important part of employee retirement income, and ultimately become important institutional investors in Chinese capital markets,ö says Hawker, who is also based in Shanghai.
Hawker says Mercer is anticipating increasing need for investment advice on domestic and international markets from clients in China. He sees demand coming from both the government and individuals, as ChinaÆs rapid economic development creates more wealth accumulation.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
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SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.