Swiss Re hires head of China asset management business; BlackRock deregisters its China WFOE; DWS names head of Apac insurance coverage; Amundi appoints first Asia sustainability officer; Manulife IM appoints senior portfolio manager for asset allocation; Morgan Stanley IM hires portfolio manager for A-shares; and more.
China Pacific Insurance appoints new chairwoman, COO; AMP's CEO to leave by third quarter; Robeco announces duo in senior China roles; Axa IM hires head of institutional sales for Asia; GLP names co-president for logistics; BlackRock sells onshore Korea distribution business; Income Partners poaches head of distribution from Vanguard; and more.
The index provider's plans to add China's government bonds into a key index will force investors to weigh decent yields against political risks and market constraints.
Offshore life insurance companies are set to grow their businesses inside the country but will need to consider new national security issues and potential joint-venture disagreements.
CPPIB to hire its first head of Apac operations; Mubadala building ESG investment team; Sun Life names president of international hubs and HK CEO; HKMA appoints deputy chief executive; KKR appoints head of Australia and NZ real estate; Knight Frank names global capital markets head; Fortius hires head of capital and business development and more.
Australia's Future Fund sees three senior executives leave; Australia Post Super discusses potential merger with Sunsuper; Indonesia's new sovereign wealth fund to get $10b from the United Arab Emirates; Dai-ichi Life invests $4.6m in immunotherapy startup; KIC of Korea opens San Francisco office; Vertex Holdings of Temasek looking to raise $800m; and more.
Institutional flows into Chinese equities have been rising since early last year despite high technology valuations, US restrictions and Beijing's growing scrutiny of internet firms.
The largest life insurer in the country is continuing to make a longer-term push into bonds and some equities, but remains concerned about the potential for corporate credit defaults.
The country is setting up a public agency to act as a clearing house to support its underfunded pension system. The plan could involve spinning off a government unit.
Schroders aims to more than double its QFLP quota to help satisfy demand from Western institutional clients for access to domestic China growth and venture strategies.
China’s tightening of fintech regulations has dealt a blow to companies such as Alibaba and Tencent. With a slew of IPOs coming in Hong Kong, investors assess tech stock valuations.
Yu Xiaobo, head of the China business of the Hong Kong-based fund manager, has resigned from his post. Value Partners has made two senior appointments to help fill his shoes.
The Covid-19 pandemic has brought investing opportunities in credit markets amid turbulence, said CIOs from AIA, Prudential Asia and Ping An at an AsianInvestor event.
Some estimates put potential US redemptions from investments in Chinese equities at up to $400 billion if the Biden administration were to ramp up legal sanctions.
The pension fund manager is looking to add to a small allocation in the country's fixed income assets, while it is staying neutral in equities over concerns of high volatility.
The country has adopted new measures over local bond issuance and credit ratings. These may have little impact on defaults but could increase the participation of foreign investors.
After posting a 12% annual return for 2020, China Investment Corporation is emphasising tie-ups with foreign fund partners to attract know-how and technology into its home market.
The new recruit at the UK asset management unit of Canada’s Great-West Life expects Southeast Asian stocks to catch up with their North Asian peers soon enough.
The easing measures could favor equities in Hong Kong and the US while insurers still see hurdles in offshore exposure.
For AsianInvestor's latest Year of the Ox outlook, we ask whether Hong Kong or Shanghai bourses could replace Nasdaq as the biggest site of equity fundraising in 2021.