They see renminbi-denominated product as key to unlocking pent-up demand following the deregulation of securities platforms targeting non-Taiwanese investors.
Contributions into insurance retirement products are expected to enjoy tax benefits from next year despite the failure of a pilot scheme in Shanghai, says service provider EY.
The US fund house is touting this as the first actively managed RQFII fund to be launched by a global asset manager in Hong Kong.
The Ucits RQFII fund will be the first to work with private hedge fund managers in China as subadvisers to provide exposure to the A-share market. It is due to launch next month.
China Investment Corporation is allocating more to external managers, non-US DM equities and EM debt and cutting exposure to DM sovereign bonds. But its 2013 returns still dipped year-on-year.
Both Chinese and foreign banks may prefer to sell QDII products than Hong Kong-domiciled funds, says the consultancy – for a number of reasons.