China proposes bond connect plan
A Chinese clearing house is considering the launch of a “Bond Connect” scheme which would mirror the Stock Connect initiative, creating an investment link between the mainland and Hong Kong debt markets.
A Chinese clearing house is considering the launch of a “Bond Connect” scheme which would mirror the Stock Connect initiative, creating an investment link between the mainland and Hong Kong debt markets.
The recent rally in Hong Kong shares has prompted asset managers like BlackRock to become selective on Chinese equity sectors.
The huge surge in money flowing into Hong Kong stocks, which pushed the Hang Seng Index up to a seven-year high earlier this month, has been linked to a recent change in the Stock Connect initiative. But fund managers said the change was only a catalyst for the influx in funds.
China’s mutual funds are now permitted to invest in Hong Kong shares using the Shanghai-Hong Kong Stock Connect programme, according to the China Securities Regulatory Commission.
A rising tide of Chinese middle-class consumer spending encourages investment despite recent negative economic figures, says Fidelity Worldwide Investments Dale Nicholls.
East Capital said its UCITS-compliant China fund has become the first to be allowed to invest up to 100% of its portfolio in Chinese A-shares through the Stock Connect program.
The Hong Kong Exchange has approved the short selling of Shanghai-listed shares under the Hong Kong Shanghai Stock Connect scheme.
A majority of fund houses in Hong Kong intend to use the Stock Connect in 2015 to access the China A share market according to a survey by the Hong Kong Investment Funds Association.
Authorities in Hong Kong and China have approved the launch of the Hong Kong-Shanghai stock connect pilot scheme, setting the start date for November 17.
First State Investments is planning to launch an absolute return strategy in Asia during the first half of next year.
Multi-asset funds are becoming attractive because they can address the market volatility that is likely to increase as the US Federal Reserve raises interest rates, sources said.
From the UAE to Singapore, the asset management industry is witnessing huge regulatory change. Here KPMG provides a concise breakdown of what you need to know.