https://www.scmp.com/rss/325819/feed Asset management en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com If there is a bright spot in the brewing US-China trade tensions, it is the short-term uncertainty that would fuel the mainland to push through necessary reforms faster to boost long-term economic growth, says asset manager Amundi’s senior economist for macroeconomic research Qinwei Wang. “I am [being] constructive on [the impact from] Trump’s pressure … because what is actually happening is Chinese policymakers are taking this opportunity to speed up reforms,” Wang said in a media briefing in... https://www.scmp.com/business/companies/article/2151898/us-china-trade-tussle-forces-china-reform-faster-says-asset?utm_source=rss_feed https://www.scmp.com/business/companies/article/2151898/us-china-trade-tussle-forces-china-reform-faster-says-asset?utm_source=rss_feed Thu, 21 Jun 2018 22:16:28 +0000 New asset management rules in China will weigh heavily on the yuan fundraising environment this year, as the amount of capital raised and number of new yuan funds is likely to drop significantly from 2017. Fundraising by private equity and venture capital funds in the first quarter fell 75 per cent on year to US$11.03 billion while the number of funds dropped by 55 per cent to 103 from 228, according to data from CV Source. Fund managers have voiced gloomy views about the yuan fundraising... https://www.scmp.com/business/money/markets-investing/article/2150733/chinas-asset-managers-brace-winter-amid-tightened?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/2150733/chinas-asset-managers-brace-winter-amid-tightened?utm_source=rss_feed Thu, 14 Jun 2018 04:45:30 +0000 Former Templeton Emerging Markets Group executive chairman and “father of emerging markets” Mark Mobius has co-founded a new asset management company to invest in firms that uphold social and environmental responsibility standards in the region.  The 81-year-old fund manager who retired from Templeton in January said he had established Mobius Capital Partners LLP with other two veteran managers, Carlos Hardenberg and Greg Konieczny. Headquartered in London, the firm will adopt an active... https://www.scmp.com/business/companies/article/2144469/father-emerging-markets-mark-mobius-launches-new-venture?utm_source=rss_feed https://www.scmp.com/business/companies/article/2144469/father-emerging-markets-mark-mobius-launches-new-venture?utm_source=rss_feed Thu, 03 May 2018 04:51:52 +0000 Trade in shares of China Huarong Asset Management, the country’s largest bad loan manager, was suspended on Wednesday morning in Hong Kong, after China’s anticorruption watchdog put its chairman, Lai Xiaomin, under investigation. Set up in 1999 to handle distressed assets, Huarong is one of China’s big four “bad” banks, which between 1999 and 2005 soaked up non-performing loans worth 1.4 trillion yuan (US$222.63 billion) from state-owned banks. Lai, 55, was placed under investigation for... https://www.scmp.com/business/banking-finance/article/2142198/chairman-key-bad-loan-manager-china-huarong-asset?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2142198/chairman-key-bad-loan-manager-china-huarong-asset?utm_source=rss_feed Wed, 18 Apr 2018 03:18:32 +0000 China’s largest securities companies put their best foot forward in 2017, honing their credentials as professional wealth managers through efforts to cut reliance on income from brokerage fees. But the country’s very own “Morgan Stanley” and “Goldman Sachs” remains a far cry, given the A-share market’s slower-than-expected liberalisation. The mainland’s largest listed securities companies, including Citic Securities, China International Capital Corporation (CICC), Haitong Securities and China... https://www.scmp.com/business/companies/article/2139847/top-chinese-brokerages-way-ahead-rivals-home-global-powerhouse?utm_source=rss_feed https://www.scmp.com/business/companies/article/2139847/top-chinese-brokerages-way-ahead-rivals-home-global-powerhouse?utm_source=rss_feed Sun, 01 Apr 2018 23:32:35 +0000 Blackstone has made a minority investment in Hong Kong-based alternative investment manager PAG through a fund that invests in several managers globally. The investment through Blackstone’s Strategic Capital Holdings Fund, a multi-manager fund, in PAG, which has more than US$20 billion under management, has brought the fund’s investments to eight globally. The stake in PAG is the fund’s first investment in Asia. The investment in PAG comes on the heels of two other minority investments that the... https://www.scmp.com/business/article/2139186/blackstone-multi-manager-fund-takes-minority-stake-hong-kong-based-pag?utm_source=rss_feed https://www.scmp.com/business/article/2139186/blackstone-multi-manager-fund-takes-minority-stake-hong-kong-based-pag?utm_source=rss_feed Tue, 27 Mar 2018 15:26:27 +0000 China has banned non-bank financial institutions from channelling funds into the property and infrastructure sectors via entrusted loans, closing an important loophole for non-traditional financing. Verbal instructions from securities regulators stipulate that new collective asset management plans (AMPs) designed to invest in entrusted loans, trust loans and other credit assets can no longer register, separate sources confirmed with the South China Morning Post. In addition, the regulations... https://www.scmp.com/business/companies/article/2127952/china-shuts-loophole-non-standard-credit-property-and?utm_source=rss_feed https://www.scmp.com/business/companies/article/2127952/china-shuts-loophole-non-standard-credit-property-and?utm_source=rss_feed Fri, 12 Jan 2018 06:11:57 +0000 Global stock and property markets are showing signs of being in a bubble, but it is unlikely to burst in coming years as it is based on low interest rates and not high leverage, according to investment management company Invesco. John Greenwood, chief economist at the US firm and architect of Hong Kong’s currency peg to the US dollar, said at a media conference on Thursday that the environment would remain favourable for asset prices in 2018 because slow money growth that resulted in low... https://www.scmp.com/business/money/money-news/article/2127854/global-stock-and-property-bubble-unlikely-burst-while?utm_source=rss_feed https://www.scmp.com/business/money/money-news/article/2127854/global-stock-and-property-bubble-unlikely-burst-while?utm_source=rss_feed Thu, 11 Jan 2018 11:34:38 +0000 China’s old economy stocks are likely to get a boost from the central bank’s decision to adjust its currency setting mechanism, as a slight depreciation in the yuan will stimulate exports and growth, according to State Street. The move by the People’s Bank of China to remove the “counter-cyclical factor” from the formula used to calculate the daily central parity of the yuan’s exchange rate against the US dollar suggests it was aimed at curbing recent sharp appreciation in the currency. China’s... https://www.scmp.com/business/money/stock-talk/article/2127693/state-street-sees-chinas-move-manage-yuan-will-lift-old?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2127693/state-street-sees-chinas-move-manage-yuan-will-lift-old?utm_source=rss_feed Thu, 11 Jan 2018 00:00:39 +0000 Chinese asset manager E Fund is seeking to facilitate more cross-border investment at a time of tight mainland capital controls and a gradual liberalisation of financial markets. Chen Hongchu, the chief international investment officer of E Fund, says both domestic Chinese investors and foreign asset managers can benefit from its services. “On the one hand, guidance is needed for mainland institutions and funds to test the waters of international markets. On the other, Chinese investment... https://www.scmp.com/business/money/wealth/article/2125304/e-fund-wants-help-connect-investors-opportunities-new-markets?utm_source=rss_feed https://www.scmp.com/business/money/wealth/article/2125304/e-fund-wants-help-connect-investors-opportunities-new-markets?utm_source=rss_feed Fri, 22 Dec 2017 00:18:40 +0000 The inclusion of robotic investment advisers in China’s regulatory framework for its US$15.4 trillion asset management business reflects how quickly watchdogs are closing regulatory loopholes when it comes to technology-driven financial innovations, analysts said. In the new set of draft rules covering the country’s asset management market, top financial regulators have designated one of the 29 articles to robo-advisers, or artificial intelligence-driven programs that provide investment... https://www.scmp.com/business/companies/article/2120603/chinese-regulators-move-ensure-investment-robots-are-not-excluded?utm_source=rss_feed https://www.scmp.com/business/companies/article/2120603/chinese-regulators-move-ensure-investment-robots-are-not-excluded?utm_source=rss_feed Sun, 19 Nov 2017 23:17:16 +0000 Zeal Asset Management has adopted the use of a new online platform to raise brand recognition and accumulate fund flows for a foray into China’s huge asset management industry, according to chief executive officer Franco NganWai Wah. The privately owned Hong Kong investment manager, created in 2009, Zeal provides services to investors globally, including family offices, financial institutions, endowments, foundations, pension funds and individual investors. The firm launches and manages hedge... https://www.scmp.com/business/money/stock-talk/article/2120554/zeal-asset-management-goes-digital-effort-grow-chinese?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2120554/zeal-asset-management-goes-digital-effort-grow-chinese?utm_source=rss_feed Sun, 19 Nov 2017 08:15:45 +0000