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Mutual Funds

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The Shenzhen Stock Exchange in south China’s Guangdong province. Photo: Xinhua

China Business

China eases requirements on foreign investments in listed companies

New rule aims to draw foreign funds into yuan-denominated A shares by slashing capital requirements and reducing the lock-up period.

Exclusive | Hong Kong market rally ideal for fund managers to tap Middle East, Southeast Asia

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China’s top state-backed brokers are merging to take on Wall Street

Banking & Finance

China’s outbound investing demand spurs fund managers to get creative amid quota squeeze

Soaring demand from Chinese investors for offshore investments has left foreign banks and fund managers scrambling to ration outbound-investing quotas

An electronic ticker displays stock figures in Shanghai on Wednesday, August 7. Photo: Bloomberg
An electronic ticker displays stock figures in Shanghai on Wednesday, August 7. Photo: Bloomberg

Banking & Finance

Singapore’s Temasek to invest US$30 Billion in US over five years

Temasek to avoid investing in businesses that are in the cross hairs of geopolitical tensions and seeks to structure investments around certain constraints, such as taking passive public equity stakes in listed semiconductor companies.

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China Business

Intern’s leaked video exposes chaotic management at leading Chinese brokerage

‘The content of the clip leaked sensitive information about our customers and violated the company’s compliance rules,’ China Securities said.

China Business

What China’s biggest money manager feels about the economy, market

The government’s target of doubling the per capita GDP to US$30,000 means there is enough growth potential, Zhang Kun says in his fund’s quarterly report.

The Chinese government’s goal to lift per capita GDP could benefit consumer-facing companies, according a leading Chinese fund manager. Photo: Bloomberg

Markets

Saudi ETFs make winning China debut as financial ties with Middle East grow

The two feeder funds rose 7.9 percent and 7.8 percent in Shenzhen and Shanghai, respectively, after raising a combined US$170 million.

A file photo shows Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia on May 21, 2018. Photo: Reuters
A file photo shows Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia on May 21, 2018. Photo: Reuters

Companies

Explainer | What is ETF Connect? How does it help global investors tap China’s stock market?

China is further opening up its US$8.4 trillion stock market by offering 85 new exchange-traded funds (ETFs) tracking mainland equities through the cross-border trading channel for offshore investors next week.

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Banking & Finance

Exclusive | Wealth Management Connect revamp sent investment skyrocketing, says ICBC

Improvements to the Wealth Management Connect scheme in February have proven to be a game-changer, with investment via the cross-border trading channel quadrupling between January and April, according to government data and ICBC.

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Markets

‘Signs of life’ in China’s markets as reforms boost confidence, forum told

Global investors’ pessimism about China may no longer be well placed, as policies designed to bolster confidence are likely to spell better times ahead for the market, senior financiers told a conference.

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A bull statue in front of the Shenzhen Stock Exchange. Regulators have been strengthening their efforts to lift the market’s performance in recent months. Photo: Bloomberg

China Business

China traders’ craze for ETFs tracking US stocks triggers suspensions, warnings

Elevated premiums and price fluctuations of ETFs tracking the Nasdaq and S&P 500 indices lead to warnings from many fund managers.

Chinese investors have been buying into US stocks through China-listed EFTs as they seek to diversify their portfolios. Photo: Shutterstock
Chinese investors have been buying into US stocks through China-listed EFTs as they seek to diversify their portfolios. Photo: Shutterstock

China Business

China to set US$412,000 annual pay cap for finance industry executives: sources

The 3 million yuan (US$412,460) yuan annual salary limit will be applied to all state-backed financial institutions, sources say.

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Investor Relations

China climate-focused funds saw higher inflows, but fewer launches last year

Climate-focused funds in China saw a decline in assets and product launches last year despite an uptick in inflows, with the funds prone to huge volatility because of speculative trading, according to Morningstar.

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Banking & Finance

Hong Kong stocks increasingly driven by mainland China flows: Hang Seng Indexes

Hong Kong stock market’s gains this year have been supported by southbound inflows, reflecting the growing influence of mainland Chinese investors.

Inflows from mainland Chinese investors are having a greater impact on Hong Kong’s stock market, according to complier Hang Seng Indexes. Photo: Bloomberg

Banking & Finance

Hong Kong snap 2-day rally as investors turn cautious ahead of US data

Hong Kong stocks end slightly lower as mood turns cautious ahead of US non-farm payroll data later this week.

Hong Kong stocks continued their winning run for a third day this week. Photo: Sun Yeung
Hong Kong stocks continued their winning run for a third day this week. Photo: Sun Yeung

Markets

Chasing yield: Hong Kong mutual fund sales record best quarter in 3 years

Hong Kong retail funds recorded net inflows of US$3.8 billion in the first quarter, the most since attracting US$4.6 billion in the same period in 2021, industry data shows.

China Business

China’s mutual funds top record with US$4.1 trillion invested

The expansion has been driven by a stellar run in the bond market and a stabilisation in stocks, as investors shift to fund products.

Banking & Finance

Family offices pile into bonds to rebalance their portfolios: UBS survey

Their allocation to developed-market bonds increased by the most in five years to 16 per cent, bringing back a greater balance between fixed income and equities, according to a global survey by the Swiss bank.

Sentiment among family offices in Hong Kong remained strong, thanks to the attractive policies for setting up shop in the city, as well as its status as a leading global financial centre. Photo: Sun Yeung

Markets

Bad timing? Hedge fund Bridgewater misses bull run, ditching Chinese stocks

Bridgewater Associates, the world’s biggest hedge fund slashed its holdings drastically in the first quarter in a move may have been too hasty and caused it to miss out on the recent bull run.

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The sell-off came just before a powerful rebound, which might have sidelined the hedge fund giant from the bull run now under way. Photo: Bloomberg
The sell-off came just before a powerful rebound, which might have sidelined the hedge fund giant from the bull run now under way. Photo: Bloomberg

Banking & Finance

China to nurture stock rally by masking live foreign flows data

In an attempt to limit the impact of data showing foreign funds selling on market sentiment, Shanghai and Shenzhen exchanges plan to cease displaying real-time figures on purchases or sales of local stocks through trading links with Hong Kong.

Banking & Finance

Flourishing private credit market is a ‘big story’ in Asia: industry experts

The number of private debt funds in the Asia-Pacific region grew by 22 per cent to 94 at the end of 2023 compared with a year before as financial institutions bet on the flourishing market.

Banking & Finance

Are Hong Kong IPOs too reliant on Chinese government entities for support?

Chinese local government entities have carried the mantle of cornerstone investors in first-time stock offerings in Hong Kong in the past two years as foreign investors shun deals. Their outsize role could work against the city’s capital market, market experts say.

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illustration by Brian Wang
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