Vietnam 

VFMVN30 becomes largest domestic exchange-traded fund – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The scale of VFVMVN30 ETF is currently approximately the scale of the UK-based FTSE Russell’s exchange-traded fund FTSE Vietnam ETF, standing at about $291 million. — Photo viettimes.vn HÀ NỘI — The portfolio value of Việt Nam’s first exchange-traded fund (ETF) VFMVN30 as of June 13 touched VNĐ6.3 trillion (US$272 million), making it the largest domestic stock fund in the market.   The VFVMVN30 ETF is currently approximately the scale of the UK-based FTSE Russell’s exchange-traded fund FTSE Vietnam ETF, standing at about $291 million. Established in 2014, VFMVN30…

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Home 

New class of active managed ETFs debuts in Hong Kong, as CICC rolls out US money market fund

Asset managers have started selling active exchange-traded funds (ETFs) in Hong Kong, led by the asset management unit of China International Capital Corporation (CICC), which debuted on Tuesday a US$120 million money market fund listed on the city’s stock exchange.Unlike a traditional passive ETF, which replicates the performance of the index, an actively managed ETF allows the fund manager discretion to pick and choose a portfolio of securities.These ETFs can be bought and sold just like… Source link

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HSBC sets up US$880 million technology fund to find the next Tencent, DJI or Huawei in the Greater Bay Area

As companies are looking to cash in on the potential of uniting the infrastructure and development of the Greater Bay Area, HSBC said on Tuesday that it is creating a US$880 million technology fund to provide financing to early stage companies in the region.The GBA+ Technology Fund will focus on lending to high-growth companies in mainland China, Macau and Hong Kong in a variety of sectors, including e-commerce, financial technology (fintech), robotics, biotech and health care technology, HSBC… Source link

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Home 

Prominent Utah investor’s US$150 million fund eyes real estate projects in secondary US cities that promote social good

Real estate moguls, banks and money managers are rushing to capitalise on a new US tax break rewarding investments in poor communities. Now, one of the biggest names in impact investing is aiming to prove the perks are about more than profits.Jim Sorenson, a prominent Utah entrepreneur, investor and businessman, plans to announce on Monday that Catalyst, a private equity firm he helped found, is raising US$150 million to invest in opportunity zones. The group’s first fund, which Sorenson is… Source link

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Vietnam 

Community Disaster Prevention Fund honours enterprises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives of Vietjet and other companies at a ceremony where they were honoured for their donations to the Disaster Prevention Fund in Đà Nẵng last week. —VNS Photo ĐÀ NẴNG — Budget carrier Vietjet was honoured by the Disaster Prevention Fund for participating in activities to succour people affected by disasters at a ceremony in Đà Nẵng late last week.  Vietjet employees’ have always been taking part in community activities and would continue to do so in future, the airline’s vice president Đỗ Xuân Quang said.  “We are always aware of an enterprise’s responsibility to…

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Vietnam 

Fund for development of SMEs to established – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers check products. A fund for development of SMEs will be opened this year. — Photo theleader.vn HÀ NỘI — The Fund for Development of Small and Medium-sized Enterprises (SMEs) will be established and start operation in July, according to a recently-issued decree. The fund has minimum charter capital of VNĐ2 trillion from the State budget set aside for development investment. Tasks of the fund include lending and funding for SMEs as well as support for promotion of ability in SMEs. Interest rate of the fund’s loan is equal to 80 per…

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Vietnam 

Transport ministry after investment to fund North-South Expressway – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Representatives of the Ministry of Transport and relevant ministries answer questions raised by potential investors at a conference on the North-South Expressway project held on Friday. – VNA/VNS Photo   HÀ NỘI Investors with financial capacity and experience implementing transport projects will be eligible to enter prequalification bidding for the North-South Expressway project, the Ministry of Transport has said.   The ministry is calling for domestic and foreign investors to fund the 654km North-South Expressway project, set to pass through 13 cities and provinces. Speaking at a conference held yesterday, Deputy Minister…

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China 

Yet another scam in China’s fund management sector leaves investors scrambling to recoup close to US$1 billion

Shanghai-based asset management group PGA Venture Partners has suspended operations after failing to repay investors 6.6 billion yuan (US$967 million), the latest sign that the mainland’s finance sector is plagued by scams and frauds.No employees showed up at the company’s office in Jiangchang Road, Jingan district, on Thursday. The Post could not reach the company or its officials by phone.The company, also known as Yung Park Capital, said in a statement posted on the website that media… Source link

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Home 

China’s state-backed private equity starts a fund to buy out distressed debt, take advantage of nation’s deleveraging campaign

Citic Capital, one of the largest private equity firms backed by the Chinese state, is raising US$500 million for its first buyout fund for distressed assets in China, placing a bet on the opportunities available in the country’s campaign to shed debt.“There are lots of good real estate projects with stable operating income, but which are sold simply because they, or their owners, have run into liquidity problem,” Citic Capital’s senior managing director Stanley Ching, who oversees the company… Source link

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Money 

JPMorgan poised to be first foreign company to own majority stake in China mutual fund venture

JPMorgan could become the first foreign company to own a majority stake in its Chinese mutual fund business, after its joint venture partner put a crucial 2 per cent of the business up for sale that analysts expect the Wall Street bank to lap up.A move by JPMorgan towards that goal would come at a tense time in US-China ties, as Chinese Vice-Premier Liu He is set to continue trade negotiations with the United States that were roiled after President Donald Trump said on Sunday he would raise… Source link

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