China's State Administration of Foreign Exchange has made a significant allocation to domestic equities. Why? And is it reducing its foreign allocation, as some suggest?
China's State Administration of Foreign Exchange faces a huge task managing the world's biggest FX reserves. Appropriately, it has put in place a structure and staff to outdo many of its peers.
The manager of China's foreign exchange reserves has resigned. Safe is not expected to alter its asset allocation plan in the near future.
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.
The Chinese insurer is set to start awarding overseas mandates in 2014 through its offshore investment arm, which in turn is eyeing the Hong Kong retail market.
China's State Administration of Foreign Exchange awarded $150 million in QFII quota in April, the lowest in almost two years. Analysts expect this trend to continue.
The CSRC slashes minimum AUM requirements for asset managers and institutional investors to qualify as QFIIs, while granting $1.2 billion in fresh quotas.