(China Alert) RQFII reforms: The ball’s in your court

  • cross border, RQFII
-All inbound access to China is now quota-light -RQFII offers the greatest capital flexibility -This raises questions about Hong Kong’s quota cap Update: Inbound access is now as reformed as it is going to get for the time being. China announced changes to the RQFII program. This brings it in line with its dollar-denominated sibling, […]
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(China Alert) To compete requires perspective

  • WFOE
-One of the biggest names in the business has established an IM WFOE -This approval needs to be viewed as part of a grander mosaic Update: Life is what happens when you’re busy making plans. This is an appropriate sentiment when thinking over the current competitive landscape of global managers targeting China. Pretty much every […]
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Strategic Outlook – China Fintech

  • fintech, p2p
Not playing catch up Ants, big data and P2P are just some of the terms that come up when reading about Chinese fintech. Amid all this buzz it can be difficult to distinguish what is in fact working. Technology is playing an ever larger role in China’s financial sector – a sector known for its […]
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(China Alert) Tracker fund: AUM on a golden platter

  • ETF
-The first mainland SOE tracker fund has been launched -This is a key development for China’s SOE reform -Further opportunities may be available to global managers Update: China Universal launched a new fund – the CSI Shanghai SOE ETF – that raised RMB15.2bn (USD2.3bn). To put this into perspective, it is the third largest ETF […]
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(China Alert) Shenzhen Connect: Fashionably late

  • Stock Connect
-The Shenzhen-Hong Kong Connect is set to launch by the end of the year -Through the Connect, foreign investors can access the world’s second-largest equity market -A wider range of stocks is only the beginning with instrument expansion in the cards Update: After rampant speculation and prolonged silences, China’s securities regulator has now announced the […]
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China Dashboard August 2016

An overview of the Chinese financial sector of July 2016 that covers topics including: fund flows, regulatory updates, cross border activities, capital markets, insurance sector, mutual fund sector, banks, trust sector, brokerage sector and private (hedge) funds. These updates are further broken down by our analysis and data. In this month’s dashboard, we cover CSRC’s tightened rules […]
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(China Alert) RMB credit: And so it begins

  • CIBM
– An updated list of confirmed CIBM participants and products includes foreign managers – These now have unrestricted access to China’s fixed income markets Update: The China interbank bond market (CIBM) access list – institutions and products that have opened a trading account – for July was released last night. There were six foreign investors: we […]
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(China Alert) Brokerage: Stick or twist

  • Brokerage
-We believe majority ownership of brokerages is already within sight for several foreign firms -Stakeholder politics may be a tough hurdle to clear -Positioning among foreign rivals may be even tougher Update: Ownership reform in China is taking place across many financial sectors. Now it’s the brokerage’s turn. Parallel to this reform, we are seeing […]
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(China Alert) CIC: Catch me if you can

  • SWFs
-2015 saw asset allocations shift with global market trends -CIC continues to be tight on management fees -Organizational structure changes may alter investment outlook Update: China’s largest sovereign wealth fund, China Investment Corporation (CIC), released its 2015 report. In line with most other SWFs, it posted a loss of almost 3% – its first decline […]
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