Two market-opening moves by Beijing last month have further reduced the value of RQFII quotas. This is a particular challenge for the offshore arms of mainland fund houses.
Chinese fund managers in Hong Kong have been warned that Stock Connect and global competitors will erode their RQFII position, so they need to boost their skills to offer clients value-added services.
HFT Investment Management has launched the first RQFII fixed income fund to invest in RMB bonds issued both on the mainland and offshore. More are forecast to follow.
Fresh from winning its QFII licence and new RQFII quota, HFT Investment Management's Hong Kong unit aims to profit from China's ongoing currency liberalisation.
HFT unveils HK chief, new credit head for Coutts, Aviva targets Aussie super funds, RBC seeks Mena expansion, Nomura hires from RBS and John Hancock replaces global compliance chief.
Swiss Re hires head of China asset management business; BlackRock deregisters its China WFOE; DWS names head of Apac insurance coverage; Amundi appoints first Asia sustainability officer; Manulife IM appoints senior portfolio manager for asset allocation; Morgan Stanley IM hires portfolio manager for A-shares; and more.
Rest Super names two new investment heads; BlackRock names co-heads of sustainable investment for Apac; AIA appoints Cambodia chief; Barings names head of institutional sales for Greater China and SE Asia; MUFG hires Asia head of ESG finance; and more.
The Canadian and Korean asset management operations of two life insurers have agreed to jointly take advantage of rising institutional investor demand for Asian alternative assets.
Although sustainable funds have seen increasing inflows amid growing environmental awareness and the spotlight on social issues due to Covid-19, the industry still lacks a standard definition of sustainable investing. Nicholette MacDonald-Brown, head of European blend equities at Schroders, explains the firm’s three-pronged approach of people, process and purpose.
Special purpose acquisition companies (Spacs) have gained ground as financing vehicles for companies looking to go public. But Asian family offices have yet to make many investments.
De-risking and green securitisation will help unlock much-needed institutional capital for sustainable infrastructure projects in Asia, say executives at multilateral development banks.
The Hong Kong-listed shares of mainland companies should receive more interest as Chinese pensions and global investors seek to benefit from relatively low valuations.
The Canadian pension fund is transferring a senior portfolio manager from Singapore with a view to expanding and internationalising its capital markets team further.