The region’s top 300 institutional investors registered a 3% rise in assets under management during 2016, according to our 15th consecutive annual survey.
Tag : icbc
China Merchants Bank and ICBC have leapt into the ranks of the 25 biggest private banks by global AUM for the first time, fast outgrowing their international peers, finds new research.
Korea and Singapore have seen the strongest demand for the RQFII scheme outside Hong Kong and have been rewarded with extra quota, while other markets are kept waiting.
Having received a QDLP licence, the Hong Kong fund house is selling its China joint venture and targeting mainland retail and high-net-worth clients via a three-pronged strategy.
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The only way to sustain China’s booming asset management industry is to ensure new product sales avoid implying returns are risk-free, said Wu Xiaoling of the National People’s Congress.
China's asset management free-for-all harbours risks which need to be tackled with new rules, senior executives have said. They want the responsibilities and liabilities to be harmonised and explained.
Industry AUM grew 52% in 2014, its fastest pace for seven years. But the craze for money-market funds lies behind it, leaving analysts to ponder risk appetite and future growth drivers.
The UK insurer's asset management arm is planning expansion in China, Taiwan and Southeast Asia and has its sights set on onshore alliances.
The process, prompted by new rules, may see the UK insurer cutting or consolidating the number of funds on its platform. It is also eyeing retail banks as a distribution channel.
Singapore Exchange says its renminbi equity trading facility will offset market risks that might arise from Hong Kong Exchange's platform.
The deal by Hong Kong-based GCS, a low-key private equity firm, includes a distribution agreement with ICBC to offer European-managed fund products to Asian investors.
They eagerly await regulatory approval for the first fund admin outsourcing deal, while some see the opening of local custodian business to foreign banks as imminent.
