The CSRC awards licences to 14 long-only institutions including two central banks, two sovereign wealth funds and two pension funds. A rise in quotas is forecast.
China’s social security fund has reportedly issued eight onshore credit mandates. It may be hedging aggressive expansion, or it may preface renewed exposure to risk assets.
Overall assets sank in the first half of this year amid poor returns, redemptions and limited gains in new products. An equity market rebound may not save the day either.
China’s social security fund issues its most flexible international mandates yet in four new categories, with specialist managers given a good chance of winning.
China's insurance regulator has broadened the management scope of insurance firms' own AMCs and lowered their operational requirements, denting the prospects for FMCs.
Fuanda FMC gains approval to set up in an increasingly crowded market, but it will have its work cut out with operating costs for China's fund managers having doubled over the past five years, says Z-Ben Advisors.