China Mutual Fund Series: Quarterly Assessment – 3Q19

  • asset management industry, AUM, China fund industry, Fixed Income, WFOE
Industry AUM rebounded in the third quarter, and we expect assets to hit RMB14tr by the end of the year. Fixed income products continued to dominate fundraising, but they may not much longer. Fund managers are particularly increasing efforts to differentiate themselves in a passive equity space that is just beginning to find some retail […]
Read More

China Alert – Mutual recognition outpaces legacy outbound programs

  • Fixed Income, mutual, outbound
Mutual recognition outpaces legacy outbound programs Latest figures reveal that mutual recognition flows now exceed all other outbound programs. Fixed income products continue to be preferred by investors. However, fewer new lodgings and approvals are seen than in previous years. Please note that full versions of our China Alerts are for clients only, if you […]
Read More

China Alert – Mutual fund registrations overhauled

  • Fixed Income, Mutual Fund Companies, mutual fund sector, Mutual Funds
Mutual fund registrations overhauled           Window guidance from CSRC has signaled equity product registration will be fast-tracked. On the other hand, fewer fixed income products are expected to be permitted and those that do will face tighter fundraising restrictions. While competitive dynamics may be tested in the long term, an immediate concern […]
Read More

China Alert – Onshore fixed income going mainstream

  • Fixed Income, fund managers, Onshore business
Onshore fixed income going mainstream Short- and longer-term trends both point to greater demand for RMB fixed income. As of yet, global public offerings remain limited. Managers will need to keep pace with developments in order to address impending flows. Please note that full versions of our China Alerts are for clients only, if you […]
Read More

China Alert – Distributors finding form in MRF

  • Distribution, Fixed Income, fund flows, MRF
Distributors finding form in MRF  Funds in the program have now enjoyed four consecutive months of inflows. Reactivity has increased, suggesting important developments for demand. Equity funds, however, still have a lot of ground to make up on their fixed income counterparts. Please note that full versions of our China Alerts are for clients only, […]
Read More

(China Alert) The end of the China taboo

  • equity, Fixed Income
-We are seeing growth in demand for both China equity and fixed income products -Major global managers have launched physical China funds in the past three months to cater to this -BlackRock is taking action by moving towards better China exposure Update: MSCI may have delayed the inclusion of A-shares into its emerging market indices […]
Read More

STRATEGIC OUTLOOK: RMB Fixed Income – Open for business

  • Fixed Income, rmb
China’s fixed income markets have recently garnered a lot of global attention, the vast majority of coverage casting a negative shadow over this untapped market. Many foreign investors may be considering sitting on the sidelines until concerns subside. Z-Ben Advisors has a broader perspective. The long-term prospects of China’s fixed income markets remain immensely attractive: […]
Read More

(China Alert) RMB fixed income: Golden years

  • Fixed Income
·Exchange rate volatility should be a driver of Panda bond growth ·Major reforms are occurring in the onshore fixed income market ·Chinese fixed income remains under-allocated in global portfolios Update: Z-Ben Advisors believes that January’s exchange rate volatility in offshore RMB (CNH) further highlights structural changes we are observing in the onshore fixed income market. […]
Read More

(China Alert) China RMB fixed income: USD7tr to be tapped

  • Fixed Income, QFII, RQFII
·IBB license approval continues to grow for foreign managers ·A mismatch between investor demand and manager supply exists ·This mismatch is set to grow significantly for the foreseeable future Update: China’s RMB45tr (USD7tr) fixed income market is continuing to steam ahead. Licenses to the interbank bond market (IBB), which makes up over 90% of the […]
Read More
Login
Follow us