The new pension fund management joint venture between China Construction Bank and the National Council for Social Security Fund is awaiting a licence to be able to start investment activities.
China Construction Bank has launched the first RQFII money-market ETF onto the UK markets. The move comes as the lender seeks to tap growing European demand for investments in the Chinese currency.
Principal Global Investors has been meeting distributors to discuss them selling its funds in mainland China, having made several recent senior appointments.
The firm has been given a HK$1.6 million penalty for breaching a stock position limit on one of its client's accounts.
CCBI Asset Management becomes the latest to offer a renminbi bond fund to Hong Kong retail investors, with its parent providing support on both the product and distribution side.
CCBI Asset Management is establishing a track record and looking to attract new business.