China Alert – QDII: What about the banks?

  • 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 […]
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China Alert – QDII: A grand(ish) reopening

  • Inbound, Liberalization, outbound, QDII, Quota
QDII: A grand(ish) reopening QDII quota allocations are set to ramp up over the next 12 months. The strong currency and persistent inbound flows are likely drivers. While new issuances are certainly welcome, they fall short of broader liberalization. Please note that full versions of our China Alerts are for clients only, if you would […]
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China Dashboard – October 2020

  • AUM, ETFs, Inbound, Institutions, IPOs, JVs, MMFs, NSSF, onshore, outbound, pension, QDII, WFOE
This Dashboard will examine key developments onshore from the month of September, including: Foreign institutional investor rules finalized Bond market reforms facilitate foreign investment China sovereign funds New QDII quota Insurance asset management product rules Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the Chinese financial […]
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China Alert – Guess who’s back with quota

  • CIB, DWS, E Fund, GF, Harvest, Invesco Great Wall, Orient, QDII, Quota, SAFE, Wanjia, Yinhua
Guess who’s back with quota It has been 17 months since the last QDII quota was issued. QDII utility in ETF connectivity schemes with Hong Kong and Tokyo explain part of the recent batches. Global managers will now be looking for relaxation of the MRF and QDLP channels. Please note that full versions of our […]
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China Dashboard – August 2020

  • AUM, BWMPs, CIBM, Commercial pensions, FMCs, IPOs, Mutual Funds, outbound, pension, QDII, regulations, Stock Connect, WFOE
This Dashboard will examine key developments onshore from the month of July, including: Fund company management regulations revised Asset Management Guidance deadline extended Guidance on insurance equity asset allocation Proposed bond market cross-trading Fund custody amendment completed Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the […]
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Strategic Outlook: Outbound

  • AUM, Bank Wealth Management Subsidiaries, MRF, outbound, QDII, Stock, Wealth Management Connect
Misunderstood Managing money globally on behalf of Chinese clients continues to be the primary port of call for managers embarking on their onshore journeys. However, in the context of a relatively static outbound framework – contrasted with market opening of the onshore and inbound businesses – it is long past time to consider where this […]
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China Dashboard – July 2020

  • Annuity, Asset allocationz, AUM, FMCs, Fundraising, Mutual Funds, onshore, pension, QDII, Trusts, WFOE
This Dashboard will examine key developments onshore from the month of June, including: Tapered monetary easing signaled ChiNext reforms implemented Wealth management pilot announced Derivative trading revised for insurers Universal banking under discussion Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the Chinese financial services industry. […]
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China Mutual Fund Series: Quarterly Assessment – 1Q20

  • Active equity, AUM, Fixed Income, FMCs, Fundraising, Mutual Funds, QDII, regulations
An uncertain quarter for the market saw investors certain about committing more capital, and many fund managers were ready to capitalize. Fund launches across multiple asset classes attracted large subscriptions. This came at the same time as managers incorporated digital investor outreach in new ways and market opening forged ahead. This edition of our China […]
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(China Alert) QDII: A debatable topic

  • QDII
-In a quota-scarce environment, firms are tapping demand in different ways -Opportunity remains for global managers, if currently limited Update: It has been a long old while since we’ve written an update on the QDII program, mainly because there hasn’t exactly been much to report. And it’s not like anyone, ourselves included, is anything but […]
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(China Alert) Outbound restrictions: Temporary but telling

  • insurance, outbound, QDII
·Regulators continue to crack down on outbound programs ·Demand for offshore investment from firms and investors remains high ·This is a precursor to enhanced outbound investment platforms Update: Differing reports about the level of outbound capital restrictions all radiate a negative view on China, not at all helped by recent volatility. However, they fail to […]
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