It would make little sense for China to accept Ucits funds or to merge with other Asian passport schemes, says Sean Tuffy, head of regulatory intelligence at custody bank BBH.
Chinese managers are tipped to increasingly look to independent overseas listings of ETFs, without a foreign partner. But they face difficulties in building their own infrastructure to support products.
A recent example of this was the September approval of only the second HK-domiciled ETF for sale to Chilean pensions. Sean Tuffy of Brown Brothers Harriman expects this momentum to build.
There are a number of reasons why use of the renminbi as a global reserve currency is further off than people think, argues Marc Chandler of Brown Brothers Harriman.
Falling dealer inventories of fixed-income securities raises fears of market turmoil, with the odds of temporary seizures in certain sectors seen as high. So what will be the trigger?
Regulatory intervention has helped drive automated fund processing volumes in Taiwan, which is being held up as a model for other markets in Asia.