Fubon Asset Management is poised to capture opportunities offered by the opening up of China's interbank bond market and further QFII and RQFII liberalisations.
The firm names Shi Gang to replace Thomas Tsao, with local media speculating that the latter's management style was in conflict with the parent company's corporate culture.
The firm is granted a landmark $100 million quota to launch the island’s first onshore ETF to track China’s A-share market. Stock market volatility won’t be a problem, it says.
The asset management arm of Taiwan’s Fubon Financial officially launched its China JV last week. It is looking to raise Rmb3 billion and hopes to branch out into QDII products.