China s privately offered funds expand in January - Buz & Tech News sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.
Opening the door to the Chinese market Feb 18, 2021 By Funds Europe
Changes to licencing and ownership rules in the Chinese market are presenting opportunities for foreign asset managers to attract new investment flows from domestic investors, according to findings from
Standard Chartered.
Previously, foreign asset managers could launch funds on the Chinese mainland via a private fund management (PFM) licence, or through the Qualified Domestic Limited Partnership (QDLP) scheme.
Under the PFM scheme, foreign asset managers may enter into a joint venture with a domestic partner or establish a wholly-owned foreign enterprise (WFOE) that operates as a private fund manager, offering open-ended collective investment funds targeted at qualified investors (typically institutional and high net-worth) investors.
Scale of China s privately offered funds nears 16 trln yuan shanghaisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaisun.com Daily Mail and Mail on Sunday newspapers.
By Addison Gong
29 Jan 2021
In this round-up, Chinese president Xi Jinping warns of international confrontations from a ‘new cold war’, regulators plan deeper capital market reforms and increased oversight of internet finance platforms, and European insurance giant Allianz receives approval for China’s first fully foreign-owned insurance asset management company.
A ‘new cold war’ will cause divisions and confrontations in the world, Chinese president Xi Jinping said at the World Economic Forum’s virtual annual meeting in Davos this week. His remark was widely interpreted as a warning to the US.
Xi also said that China will continue contributing to the fight against Covid-19 globally, open up the domestic market, and promote sustainable development and development in technology.
Shanghai to be financial hub for yuan-denominated assets chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.