Excessive growth of corporate debt and consumer credit risk are creating a bubble, warn economists from Amundi and Aberdeen.
Changjiang Asset Management (HK) and Amundi have received authorisation this month from Hong Kong’s Securities and Futures Commission to sell their funds in Hong Kong, according to the regulator.
The Chinese financial regulator has approved Amundi's Asia-focus equity fund for sale onshore under the Mutual Recognition of Funds (MRF) program.
Wealth and asset managers give their views on the implications of the MSCI inclusion of A-shares and where they find investment opportunities onshore.
A rare launch of a guaranteed fund in the SAR is said to fill the gap for products with low volatility and capital preservation, although analysts hold reservations.
RMB depreciation is posing risk for both equity and fixed income investment, sources said.
China risk scenarios have low probability in 2017 and valuations are among the most attractive in the region, according to Anthony Ho, Amundi Asset Management’s deputy CEO for North Asia and chief investment officer for Asia ex-Japan equities.
Amundi hopes its comparatively low-fee FTSE China A50 Index ETF, launched yesterday in Hong Kong, will compete well against rival A-share ETFs from iShares and CSOP.