Foreign funds will now be on a par with domestic funds.
Tag: Shanghai Hong Kong Stock Connect
Stock Connect turnover passes $1trn
The total value of trading over the two Mainland-Hong Kong Stock Connect schemes since the launch of the Shanghai link three years ago has surpassed $1trn.
CSRC acts on illegal Stock Connect trades
The China Securities Regulatory Commission has made its first crackdown on an illegal transaction via the Shanghai-Hong Kong Stock Connect.
SFC: Hong Kong has lowest PE globally
Hong Kong-listed mainland stocks dropped hard in the first half, pulling down the Hong Kong market, according to the half-year report by Securities and Futures Commission.
Manulife adjusts Korea, India holdings
“We trimmed exposure to India and Korea as we were concerned after the run-up [in markets]. We had different instances when target prices on stocks were reached,” said Csellak in an interview with Fund Selector Asia. Volatile Korea Korea with a 20.7% weighting and India (17%) were still the top country allocations of the Manulife Asian […]
China’s fund industry faces talent shortage
China’s ecommerce firms are moving into financial services, putting competitive pressure on fund management companies (FMCs). The research firm cited as examples Alibaba affiliate Ant Financial’s reported plan to acquire a stake in Tebon Fund Management and Tencent establishing WeBank, China’s first online bank, last year. “The only viable online opportunity FMCs can access for […]
Tax issues in stock connect unclear
The widely anticipated Shanghai-Hong Kong stock connect initiative or “through train” still has key unresolved issues that impact on fund managers, according to Schroder Investment Management.
