China
Alternatives | 18 May 18
Online wealth management booming in China
Robo-advice and wealth management mobile apps are taking off in China, with a report from Boston Consulting Group showing online wealth management services have experienced 50% annual growth over the past five years.
Former boss of Chinese insurer Anbang jailed for 18 years
The ex-chief executive of China’s beleaguered Anbang Insurance Group has been sentenced to 18 years in jail for corruption and fraud and will have assets worth CNY10.5bn (£1.2bn, $1.6bn, €1.4bn) confiscated by the state.
Vanguard to unveil first China ETF in Hong Kong
Despite a spate of China ETF delistings in Hong Kong, Vanguard is about to launch its first China-focused exchange traded fund in Hong Kong.
Deutsche more bullish on China
Financials re-rating, structural changes and deleveraging are behind an increased confidence in DWS’s overweight in China equity, according to the firm’s chief information officer Sean Taylor.
China quadruples mainland-Hong Kong trading scheme quotas
China’s securities regulator has announced a four-fold increase in the daily trading quotas for Stock Connect, the programme that links the Shanghai and Shenzen stock exchanges with their Hong Kong counterpart.