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HONG KONG — Hong Kong investment firm Pacific Century Group (PCG), founded by billionaire Richard Li, is seeking to sell its majority stake in asset manager PineBridge Investments, according to three people with knowledge of the matter and a deal document seen by Reuters. PCG has hired JPMorgan to run the sales process and has held preliminary discussions with a...
Hong Kong investment firm Pacific Century Group , founded by billionaire Richard Li, is seeking to sell its majority stake in asset manager PineBridge Investments, according to three people with...
Hong Kong investment firm Pacific Century Group, founded by billionaire Richard Li, is seeking to sell its majority stake in PineBridge Investments.
Net flows reached $10bn in 2021 despite poor performance and regulatory headwinds
By Reuters Staff 2 Min Read SHANGHAI, May 7 (Reuters) - China has approved domestic fund managers’ first exchange-traded funds (ETFs) based on Hong Kong’s Hang Seng TECH Index, state media said on Friday, giving Chinese investors increased access to such big-name stocks as Alibaba and Tencent. Regulatory approval to launch such ETFs was obtained by six Chinese mutual fund managers, including China Asset Management, Dacheng Fund Management and E Fund Management, the Shanghai Securities News reported citing the six fund houses. The Hang Seng TECH Index tracks the 30 biggest technology compa...