HSBC Archives - Z-Ben Advisors

China Alert – Manulife takeover advances

FMCs, Foreign shareholders, Franklin Templeton Sealand, HSBC, JP Morgan, JVs, Manulife Teda, Morgan Stanley

Manulife takeover advances Manulife looks to be the confirmed buyer in its JV auction. The head start will require an intensive personnel rework. Pressure for deal progress may reach other local teams. Please note that full versions of our China Alert are for clients only, if you would like more information about a subscription please […]

BEA, BlackRock, BlackRock CCB, China Life AMP, HSBC, QDII, Quota, SWS Mu

Working through the pension agenda SAFE allotted USD2.21bn of QDII quota at the end of June. Lower barriers to entry mean newer global firms can participate. Further quota grants should moderate towards original SAFE guidance. Please note that full versions of our China Alert are for clients only, if you would like more information about […]

BNP Paribas, BWMPs, CITIC, HSBC, Huatai, insurance, JVs, Licenses, Mutual Funds, ownership, Prudential, Taikang

Group-think Multiple China approaches Market opening continued apace in 2020, and foreign groups will soon operate their own fund management companies. At the same time, a wider array of entities will be able to access the mutual fund license, forcing commitment about the best way forward. That path forward will depend on each group’s existing […]

BoC, Citi, HSBC, ICBC, JVs, outbound, QDII, Quota, Standard Chartered

QDII: What about the banks? Foreign participants continue to wield the most bank QDII quota. The latest top-ups demonstrate the program remains a low-level priority for domestic banks. For scale, budding wealth management joint ventures would need to muster greater outbound interest from their onshore partner. Please note that full versions of our China Alerts […]

AUM, Distribution, HSBC, MRF, offshore, Tianhong, Tiantian, Value Partners

Passported funds bank on familiarity Inflows into mutual recognition products remained concentrated in 2H19. However, faster approvals and new distribution strategies introduce new competitive dimensions. Domestic market swings are likely to create pockets of demand for offshore exposure. Please note that full versions of our China Alerts are for clients only, if you would like […]

China Alert – Manulife takeover advances

China Alert – Quota returns

Strategic Outlook: Group-think January 2021

China Alert – QDII: What about the banks?

China Alert – Passported funds bank on familiarity