Global firms ready onshore China funds

Eastspring, JP Morgan and Morgan Stanley face a six-month deadline to roll out their debut onshore products. Eastspring Investments, the asset management arm of UK insurer Prudential, scored a private fund management (PFM) license on 16 October and registered with the Amac. The firm now has to roll out at least one private fund product in the following six months. The PFM … http://bit.ly/2PaCgvD

SSGA receives $2bn in RQFII quotas

In total, seven firms in August became first-time recipients of China’s quota programme, allowing them to invest in the onshore markets. Four State Street Global Advisors (SSGA) entities based in the UK, US and Ireland collectively received RQFII quotas of RMB 14.7bn ($2.14bn) for the first time in August, according China’s State Administration and Foreign Exchange (SAFE) … http://bit.ly/2Nm4gqe

China fund distribution is not only via banks

The handful of global managers with private fund management licences compete against 23,000 domestic players. How can they reach more investors? Domestic players generally have the advantage in terms of client base, local knowledge and investment track records, according to a recent report by Boston-based research firm Cerulli Associates. Therefore, foreign managers will have … http://bit.ly/2Oo7zlc

Global index providers pull in more A-shares

MSCI plans to expand inclusion to smaller China stocks and mid-caps, while UK-based FTSE Russell announced its own additions. MSCI is considering making equities listed on the tech-heavy Chi Next board eligible from next year, and mid-cap stocks from 2020 in its flagship emerging market indices after including 236 large-caps earlier this year. The inclusion factor may rise … http://bit.ly/2N7elY2

Shanghai-London Stock Connect launch imminent

China’s securities watchdog has released draft rules for consultation for the cross-border programme. The Shanghai-London Stock Connect programme, a plan that started in 2015 to link the Shanghai Stock Exchange (SSE) and the London Stock Exchange (LSE), is coming closer to fruition. However, unlike the Shanghai- and Shenzhen-Hong Kong Stock Connect programmes, where investors … http://bit.ly/2xlSs24