The Lion City's attraction is growing as an offshore base for mainland asset managers seeking international diversification. At least 25 are said to be eyeing it as an alternative to Hong Kong.
That is over three times the current $817 billion, and this growth will be driven largely by individual investors, as it will be for the funds industry globally, argues consultancy Casey Quirk.
This further underlines the US fund house’s commitment to its Chinese business, coming on top of its two batches of QFII quota.
China's insurers will have until December 31 to tweak their asset portfolios to meet new ratios. Foreign-affliated insurers are expected to file reports separately.
It takes three to tango, say the co-advisors of a new China long/short fund.
The Australian bank makes a strategic trade with heavy distribution to the Chinese banking sector.