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Fidelity completes fundraising for fourth mutual fund in China
Fund Selector Asia
Managed by Lynda Zhou, the fund is an equity income strategy and raised Rmb925m, primarily via Citic Bank and Citic Securities.
4 hours ago
UBS Dials Back China Fund Plans on High Costs, Grim Outlook
Bloomberg
UBS Group AG is postponing plans to build its own mutual fund business in mainland China due to high costs and a dim profit outlook,...
1 week ago
Morgan Stanley cuts 9% of China fund unit staff amid market rout, sources say
Reuters
Morgan Stanley has laid off about 9% of its staff at its asset management business unit in China, two people with direct knowledge of the...
1 month ago
US private funds struggle to cash out from China
Financial Times
The bill on ByteDance, which passed the US House of Representatives this week, has made achieving an exit even harder as the Chinese internet...
1 month ago
Saudi Arabia wants Chinese cash to help fund $500B Neom megaproject
Business Insider
Neom officials visited Beijing, Shanghai, and Hong Kong to court Chinese investors and shed more light on the $500 billion undertaking.
1 week ago
China’s sovereign fund launches US$1 billion Middle East fund with Investcorp
South China Morning Post
The Golden Horizon Fund, which will target companies across the Gulf Cooperation Council countries and China, marks the first time that CIC...
1 week ago
Bill to Fund US Government Includes Money to Counter China in Pacific
Voice of America
Under the compacts, Micronesia, Palau and the Marshall Islands will receive $7 billion in economic aid over 20 years. In exchange, Washington...
1 month ago
Comer Reveals How Joe Biden Received Laundered China Money - United States House Committee on Oversight and ...
United States House Committee on Oversight and Accountability - (.gov)
WASHINGTON—House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) today released a video and bank records memorandum...
6 months ago
Bloomberg and HKCAMA Announce Winners of Offshore China Fund Awards 2023 | Press
Bloomberg
Hong Kong – Bloomberg and the China Asset Management Association of Hong Kong (HKCAMA) announced the winners at their ninth annual Offshore...
1 month ago
Exclusive: Fidelity International plans to cut 16% of China fund unit jobs
Reuters
Fund manager Fidelity International (FIL) is planning to lay off 20 people at its main China unit, two sources familiar with the matter said...
1 month ago