Fidelity has become the second global asset manager to receive approval to set up a fully-owned mutual fund business after BlackRock.
August 8, 2021The government is said to be concerned about the growing influence of super funds as large shareholders of ASX listed companies.
August 5, 2021BlackRock is the first foreign asset manager to win approval to launch a wholly-owned mutual fund business in China.
June 12, 2021Vanguard says the mutual funds market is “fairly crowded” and that it would instead focus on a JV with Ant Group providing robo-advisory services to retail investors.
March 19, 2021The latest designations are a response to the arrest of 53 pro-democracy politicians and activists this month. Hong Kong's government called the move "insane, shameless and despicable".
January 18, 2021US investors will be prohibited from buying securities issued by the four companies, which include CNOOC and SMIC, from 1 February 2021.
December 7, 2020The companies that will reportedly be added to the list of companies linked to the Chinese military include chipmaker SMIC and oil giant CNOOC.
December 2, 2020With full ownership now on the table and various alternatives also open, foreign fund groups in China are weighing how to expand into a fast-changing market with lots of potential.
April 22, 2020BlackRock and Neuberger Berman applications to set up wholly-owned mutual fund units were accepted on the first day foreign ownership caps were scrapped in China.
April 2, 2020The two US banks have approval to raise their stakes in their securities joint ventures to 51%. On 1 April, foreign ownership caps for securities firms and fund managers will be scrapped entirely.
March 30, 2020