Cash-rich European corporates are likely to seek acquisitions, which could drive up the stock prices of target firms, says the CIO of Edmond de Rothschild Asset Management.
The asset manager hires Melissa Lee in a newly created role as head of institutional sales covering the region. Separately, its head of Asia sales, Lavin Mok, has left.
But the country faces challenges in the form of an overheating property market, renminbi internationalisation and the need to reform a hybrid economic model, argues Pierre Ciret.
Having signed a deal with Manulife, the French asset manager plans to sell at least 10 funds on the island by the end of the year, including thematic products.