With Sino-US tensions mounting over Donald Trump's plans for trade protectionism, among other things, mainland institutions are seen to be eyeing foreign assets outside America.
The hedge fund giant and three other asset managers – Aberdeen, AllianzGI and BNP Paribas Investment Partners – have been approved to trade China's interbank bond market.
Insurers in Taiwan have been tactically allocating to higher-risk fixed income, including high yield, mortgage bonds and private loans, as well as using ETFs more, say fund managers.
AsianInvestor spoke to BNP Paribas Investment Partners' newly promoted Christian Bucaro about the developing investment landscape in Southeast Asia.
Britain's vote to leave the EU has sparked more renminbi weakening and capital outflows from China. This trend could wreak havoc on markets, says Chi Lo of BNP Paribas Investment Partners.
Beijing pledged last week to raise the 49% cap on foreign stakes in mainland fund firms and to give details on investment management WFOEs, further widening the options for overseas fund houses.
The French fund house is seeking four investment staff and a consumer bank sales executive both to fill newly created roles and as replacements.
The French fund house has hired from rival Schroders for its new North Asia head of private wealth distribution. The previous incumbent switches to the equivalent role for Southeast Asia.
HKEx names ETF business head; Pictet's Anuj Khanna exits; Credit Agricole PB's HK investment solutions head departs; BNPP IP names global chief; Stradegi partners Bi-Sam in Asia; UOB moves to new HK offices; and Broadridge expands team.
Investors admit that regulations over foreign ownership of Chinese firms' shares are unclear as to the size of stakes allowed. The problem comes from interpretation of the rules regarding A shares and H shares.
BNPP IP's Asia chief resigns; Pioneer poaches Neuberger trio; JP Morgan boosts funds team; PwC appoints China chairman; Japan names FSA chief; HKEx revamps listings team; and SocGen names sales heads.
The French bank's asset management arm aims to reap the rewards of financial liberalisation in China as it opens a wholly foreign-owned enterprise in Shanghai.