China 

Singapore’s sovereign wealth fund GIC and Chinese mall operator Grandjoy to kick off China’s first listed real estate trust

Singaporean sovereign wealth fund GIC and its long-term Chinese ally, the mall operator Grandjoy Holdings Group, have been selected for a pilot programme that will allow individual Chinese investors to buy shares in rent-yielding properties for the first time.Grandjoy, the property arm of state-owned conglomerate Cofco, was picked by the securities regulator as one of several firms to try China’s first publicly listed real estate investment trust (Reit), its chief financial officer, Xu Hanping,… Source link

Read More
China 

China’s state pension fund to run dry by 2035 as workforce shrinks due to effects of one-child policy, says study

The urban worker pension fund, the backbone of the country’s state pension system, held a reserve of 4.8 trillion yuan (US$714 billion) at the end of 2018, but after peaking at 7 trillion yuan in 2027, will then drop steadily to zero by 2035. Photo: Xinhua Source link

Read More
Home 

French asset manager Ostrum launching US$500 million Asian infrastructure debt fund

A French asset management company is targeting infrastructure projects in Asia-Pacific, including the Belt and Road Initiative, where the funding needs are estimated at US$22.6 trillion by 2030.Ostrum Asset Management, an affiliate of Natixis Investment Managers with €257.6 billion (US$290.3 billion) in assets under management, said that it was planning to raise up to US$500 million this year through a dedicated Asian infrastructure debt fund.The company said it plans to invest the funds… Source link

Read More
Home 

Who is the new boss of China’s US$941 billion sovereign wealth fund?

China has found a new boss for the country’s US$941 billion sovereign wealth fund, after a two-year search for the very man to head the company.Peng Chun, the 57-year-old chairman for Bank of Communications, will leave the bank to become the new chairman of China Investment Corporation (CIC), according to people familiar with the fund’s internal announcement. Caixin Media had reported the news earlier.Qu Weimin, currently deputy general manager for CIC, will replace Tu Guangshao as the general… Source link

Read More
Home 

Hong Kong’s Mandatory Provident Fund reports strongest quarterly gain in nearly 10 years

Hong Kong’s compulsory pension scheme, the Mandatory Provident Fund, has made an impressive start to the year. It posted the best quarterly gains in almost a decade at 7.53 per cent on the back of rising stock markets in Hong Kong and mainland China.The first-quarter performance of the 426 MPF investment funds managed by trustees was the strongest since the 9.52 per cent seen in the third quarter of 2010, according to figures from Lipper, which is a part of financial markets data provider… Source link

Read More
Home 

World’s largest money market fund posts 80 times average return, powered by technology and big data analysis

Ant Financial Services Group, which operates online payments for the world’s largest e-commerce platform, has reported an average growth rate of 80 times for the 13 money market funds on its Yu’e Bao online cash management platform.That has boosted assets for the distribution platform which was originally known for the Yu’e Bao money market fund operated by Tianhong Asset Management. The fund had 1.13 trillion yuan (US$168 billion) in net assets at the end of 2018, making it the world’s largest… Source link

Read More
Home 

Bank of China (Hong Kong) launches ‘Greater Bay Area’ bond fund, expects China market to attract US$150 billion in foreign investment

Bank of China (Hong Kong) on Tuesday launched a bond fund for investors in Hong Kong and Macau focused on the region covered by Beijing’s “Greater Bay Area” initiative. It said it expected US$150 billion in foreign capital to flow into mainland China’s bond market over the next 18 months.“This is the first investment fund specifically focused on bonds in the Greater Bay Area, which at the moment has a higher GDP growth rate than that of the San Francisco Bay Area and the Tokyo Bay Area,” said… Source link

Read More
Home 

Abu Dhabi wealth fund Mubadala sees more opportunities for China growth, investments

Investors should not have to choose between China and the US as tensions rise between the world’s two largest economies, according to Khaldoon Khalifa Al Mubarak, group chief executive of Mubadala Investment Company.The Abu Dhabi sovereign wealth fund is a long-time investor in American companies and has stakes in Chinese technology unicorns SenseTime Group and Didi Chuxing Technology as part of its growing portfolio in Asia.“Have we been pressured? No,” Al Mubarak said on the sidelines of the… Source link

Read More
Vietnam 

VinaCapital launches Fund – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

VinaCapital Fund Management JSC has announced the establishment of the VinaCapital Insights Balanced Fund, its fourth open-ended fund. — VNS Photo Viet Nam News HCM CITY — VinaCapital Fund Management Joint Stock Company has announced the establishment of the VinaCapital Insights Balanced Fund. It is its fourth open-ended mutual fund, the others being VinaWealth Enhanced Fixed Income Fund, VinaWealth Equity Opportunity Fund and Vietnam Equity Special Access Fund.    The new fund seeks to diversify VinaCapital’s open-ended products and will comprise investment in bonds, treasury bills, fixed…

Read More
Home 

Canada’s US$277 billion pension fund may open its first office in China to seek greater exposure to world’s No. 2 economy

Canada Pension Plan Investment Board, which manages around C$368.5 billion (US$277 billion), is considering opening its first office in China as it seeks greater exposure to the world’s second-largest economy.Canada’s largest pension fund investor could open an office in Beijing as soon as next year, Hong Kong-based head of Asia-Pacific Suyi Kim said in an interview this month. Staff there would then work closely with CPPIB’s 130 employees in Hong Kong, which have helped to invest C$42 billion… Source link

Read More