The CSRC awards licences to 14 long-only institutions including two central banks, two sovereign wealth funds and two pension funds. A rise in quotas is forecast.
Tag : francois guilloux
China’s social security fund has reportedly issued eight onshore credit mandates. It may be hedging aggressive expansion, or it may preface renewed exposure to risk assets.
Overall assets sank in the first half of this year amid poor returns, redemptions and limited gains in new products. An equity market rebound may not save the day either.
China’s social security fund issues its most flexible international mandates yet in four new categories, with specialist managers given a good chance of winning.
China's insurance regulator has broadened the management scope of insurance firms' own AMCs and lowered their operational requirements, denting the prospects for FMCs.
Fuanda FMC gains approval to set up in an increasingly crowded market, but it will have its work cut out with operating costs for China's fund managers having doubled over the past five years, says Z-Ben Advisors.
Fund managers launched 47 new funds in the fourth quarter of last year as the industry experienced organic outflows and fund churn hit an all-time high.
The Belgian firm is looking to offload its 49% stake in a joint venture with Goldstate, potentially setting a floor price for the sale of Chinese FMC stakes, notes Z-Ben Advisors.
The approval of Sino-Life’s subsidiary signals that more such entities will be launched in 2011, with three firms rumoured to have applied already, says consultancy Z-Ben Advisors.
The firm attracts Rmb800 million on its first day of fundraising, with consultancy Z-Ben Advisors saying this could herald the start of inflation-hedging as an investment strategy.
Safe handed out $1.3 billion in QFII quotas in the third quarter, the highest three-month figure in two years. Z-Ben Advisors suggests it may be playing catch-up after a slow year.
New QFII licence approvals for two Taiwan firms bring the total this year to just 10. Z-Ben Advisors sees negative correlation between approvals and local stock market performance.