JPMorgan Asset Management’s China retail asset management subsidiary will go head-to-head with about half a dozen top local fund houses after the Lunar New Year holiday to raise money for exchange traded funds that track a newly established index, reports the Financial Times. The move marks the first time a wholly foreign-owned enterprise will compete…
Chinese fund managers dig deep into own pockets to launch equity funds zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
In the face of intense pressure from authorities to help revive a sickly stock market, Chinese fund management companies are increasingly launching equity funds that are bankrolled mostly by the firm's own money. China's securities regulator has been nudging fund managers to prioritise the launch of equity products as authorities scramble to revive a stock market plumbing five-year lows. In recent informal guidance, the regulator told some fund managers they needed to launch at least four equity funds before they open any new bond fund, in hopes of propping up the stock market in a way that some analysts think is unlikely to succeed.
SHANGHAI/SINGAPORE : In the face of intense pressure from authorities to help revive a sickly stock market, Chinese fund management companies are increasingly launching equity funds that are bankrolled mostly by the firm's own money.China's securities regulator has been nudging fund managers to prioritise
In the face of
intense pressure from authorities to help revive a sickly stock
market, Chinese fund management companies are increasingly
launching equity funds that are bankrolled mostly by the. -January 19, 2024 at 01:14 am EST
- MarketScreener