Shenzhen was China's third city to host a wholly foreign-owned investment management company, following Shanghai and Tianjin. It could appeal to smaller or tech-savvy asset managers.
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The launch of Shenzhen Connect will not spark big flows into Chinese stocks given current price levels and concerns about mainland market access, says the French bank.
The long-awaited trading link received approval yesterday and is set for launch in December with no aggregate volume limit and exchange-traded funds to be included next year.
iShares will launch its new MSCI-linked A-share exchange-traded fund at a time of negative sentiment on Chinese equities and into an already crowded space.
Shenzhen is believed to have handed out licences – but only $1 billion in extra quota – to another 30 fund houses under its QDIE cross-border alternative investment scheme.
Fund managers debate concerns that Hong Kong’s stock market is beholden to the immaturities of trading in mainland China.
Fund managers, already concerned about Beijing’s intervention in the stock market, won’t welcome a proposed index circuit breaker.
The joint-venture asset manager is preparing a mutual fund designed for trading on the upcoming Shenzhen-Hong Kong Stock Connect, despite market fears over delays to the scheme's launch.
Expansion of the scheme to Shenzhen and Taiwan may be the catalyst needed to spur more product launches said panellists at AI's Stock Connect event last week
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The city plans to raise permits for its cross-border investment scheme to 15 this year as competition intensifies with Shanghai and Qingdao, which offer similar programmes.
Five foreign fund managers have been given $100 million quotas under Shanghai's alternatives investment scheme. The new QDLP batch is more diverse and includes real estate managers and funds of hedge funds.