China’s Ministry of Commerce (MOC) on Monday asked for the public’s opinion on a revised measure concerning foreign investors making strategic investments in Chinese listed companies.
US asset management giant Invesco Ltd. is seeking to penetrate deeper into China with stronger collaboration between its Mainland joint-venture company and its wholly-owned onshore investment firm, according to a senior company official.
As investors brace for the potential fall-out from the trade war between the US and China, at least one market participant believes the fears are overblown.
In China’s inefficient equity market, active management is preferred to passive investing, according to wealth management sources.
“Passive products are more effective in efficient and liquid markets coupled with a well represented index,” Kevin Liem, CIO at CBH Asia, told FSA. “They are good investment vehicles for US large cap stocks representing the S&P 500, for example.”
US-based firms, including Bridgewater Associates and State Street Global Advisors, have become new licence holders in China’s quota programme that allows them to invest in the country’s onshore markets.
UBS is rejigging its equity capital markets arm in Asia, marking the return of a veteran of the Swiss bank to the region as the unit’s new head.
The Zurich-based bank named Hannah Malter head of equity capital markets syndicate in Asia, according to a memo seen by finews.asia. The 11-year UBS veteran replaces Andrea Casatiand will report to Gaetano Bassolino, the Swiss bank’s head of capital markets in Asia.
The Hong Kong securities regulator has banned UBS from sponsoring initial public offerings for 18 months, after an investigation into the Swiss bank’s role in certain listings on the city’s stock exchange.
SINGAPORE – Bank lending in Singapore rose 0.6 per cent in November from the previous month, preliminary data from the Monetary Authority of Singapore on Friday (Dec 29) showed.
HONG KONG (REUTERS) – Citigroup Inc is considering setting up an onshore cash equities business in China and expanding research coverage of Chinese stocks, to boost its share of the business in Asia, said the head of its regional equities unit.
Global Finance has named the safest banks in Asia with Singaporean banks dominating the list once again this year.
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