Selena Li
Stories by Selena Li
Global banks tone down expectations for Asia wealth business
The slowdown in the wealth business was evident in earnings results from big banks.
Fidelity ropes in Warburg China joint venture head to lead fund unit
Fidelity, last year, got preliminary approval to establish a fund management firm in China.
Global index funds seek to shift out of Chinese ADRs as delisting looms
Many active fund managers have already dumped ADRs or made the transition to HK shares.
Ping An posts 29% profit drop on China property woes
Ping An said its net profit fell to 101.6 billion yuan ($16 billion) in 2021 from 143.1 billion yuan the previous year.
US step to delist Chinese ADRs worsens investment, listing outlook
The move revived fears among investors and triggered a massive sell-off in Chinese ADRs.
China bars mainland investment banks from promoting SPAC deals in Hong Kong
China is also set to unveil tougher rules for offshore capital raising by domestic firms.
Fidelity said to be in talks to hire general manager of Warburg China joint venture
Huang Xiaoyi would replace Fidelity's former China president Daisy Ho.
Amundi’s China wealth JV garners $11b in 15 months since launch
Global giants such as BlackRock, Schroders and UBS have moved towards similar JVs in China.
Huawei gets licence in China to raise external capital to shore up chip supply
Habo Investments, set up by Huawei in April 2019, has registered as a private fund manager.
Hong Kong regulator canvasses views on ways to regulate crypto assets
The aim is to adopt a regulatory framework by 2024.
