Posts tagged as China
How robo-advice could reshape fund management in APAC
19 Apr 2017
Robo-advice is gaining stature as independent robo-advice firms grow and traditional fund management firms expand their offering. A growing number of wealth managers – who traditionally focused on very high income earners – are developing robo-advice tools with much reduced AuM thresholds. Data from BI Intelligence predicted robo-advisors would control around $8 trillion in investor assets by 2020, and that $2.4 trillion of robo-adviser AuM will come from APAC.
Lessons learned point to healthy prospects for MRF
07 Sep 2016
The Jul. 1, 2015, launch of the Mainland-Hong Kong Mutual Recognition of Funds (MRF) scheme was hailed as a milestone for the asset management industry. A year on, and it is plain to see that the MRF has not delivered the promised benefits – at least not yet.
MRF opportunities still to be realised
06 Jun 2016
Foreign fund managers have been increasingly eyeing China’s asset management industry, amid rapid growth of wealth and liberalisation of the capital markets. Specifically, China’s capital markets and funds industry have undergone major changes over the last two years. Assets in domestic public mutual funds have grown 10-fold in 10 years and now control US$1.2 trillion.
The changing face of distribution in China
04 May 2016
The liberalisation of China continues to rumble on. The Mutual Recognition of Funds (MRF) initiative, which permits Hong Kong domiciled fund managers to sell their products to mainland Chinese retail investors, and conversely Chinese managers to distribute into Hong Kong, has gained traction. The rules permit Hong Kong managers to sell into China without having to go through the hassle of entering into an equity partnership with a mainland financial institution.
Sebastien Chaker interviews Z-Ben Advisors’ Jasmine Baker on the rapidly changing Chinese funds market
12 Apr 2016
Asia-Pacific: An Evolving Region
09 Mar 2016
The opportunities for fund managers in Asia-Pacific (APAC) should not be underestimated. The region accounts for one third of the global economy, while its middle class continues to grow. APAC’s burgeoning high net worth population (HWNI) is likely to edge past North America imminently, according to data from the World Wealth Report 2015 published by Capgemini and RBC Wealth Management. Cash-heavy institutional investors including pension plans, insurance companies and corporates are looking to invest their capital in this low interest rate environment, and fund managers could provide an excellent channel for this. But what are the regional drivers and changes that will further abet capital raising opportunities for fund managers in APAC?
Full Speed Ahead: The Dramatic Growth of Funds Automation in Asia
22 Sep 2015
Fund automation in Asia has grown tremendously over the past few years. Whilst 2012 estimates showed that over 80% of fund orders were processed manually, today over 50 of the largest fund distributors in Hong Kong, Singapore and Taiwan have implemented a solution to automate their investment fund transactions, of which 30 have selected the Calastone funds messaging network.
MRF update: A single connection for fund distribution in China
22 Sep 2015
Recent volatility on the Chinese stock market has probably come as a relief to those operational departments that had been expected to support the new Hong Kong China Mutual Recognition of Funds (MRF). The China Securities Regulatory Commission (CSRC) and Hong Kong’s Securities and Futures Commission (HKSFC) launched the scheme at the beginning of July, yet the regulators’ attention has now been diverted away from approval of MRF funds in order to find ways to stabilise and reassure the market instead.
Fund distribution in China: Are you ready for MRF?
29 Jun 2015
Five weeks. Chinese and Hong Kong fund managers, custodians and distributors have not been given much time when it comes to setting up operational process flows from and into their respective countries. The China Securities Regulatory Commission (CSRC) and Hong Kong’s Securities and Futures Commission (HKSFC) announced the launch date for the Mutual Recognition of Funds (MRF) as 1st July 2015.