2020 has been a challenging year and finally, we are approaching the end of it. Would the year 2021 see a strong global recovery? For global investors, which regional markets and asset classes to look to, and what risks to be prepared for? 23 December 2020 ATC Initiative interviewed Robert Parker, Chairman of the Asset Management and Investors Council, International Capital Market Association, who shared his views on these critical questions that guide investors’ investment decision making in the new year. "We have seen clear evidence recently the interdependence between [...]
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So far emilyemilychan has created 25 blog entries.
Digital technology and medical care are two interesting investment themes in China. Medical informatization, the area that can combine digital technology and medical care is attracting investors’ attention. 3 December 2020 Medical informatization construction, as a combination of digital technology and medical care, shows increasing importance due to the outbreak of COVID-19. What is the development of medical informatization in China? What kind of opportunities can medical informatization bring? Yang Liu, Chief Analyst, Head of TMT Department & Executing Director of SWS research, and Yizhen Hong, TMT Senior Analyst of SWS Research, shared [...]
On 25 Nov 2020, ATC Initiative co-organized “Allocating to Chinese Alternatives – Offshore and Onshore Options” Webinar with Standards Board for Alternative Investments (SBAI). 1 December 2020 In this 3rd ATC-SBAI joint annual event, we are pleased to see leading investors, managers and other key market players together to discuss the latest development in China alternative investment sector, with a focus on changing regulatory environment including the new QFII rules and the opportunities and challenges for foreign investors looking to allocate in China. A few key findings at the event: Leading global allocators [...]
Recently, the Australian superannuation fund awarded a mandate to Ninety One that targets Chinese equities. Will dedicated China market exposure become a norm for global institutions? 18 November 2020 Recently, State Super, the manager of A$42 billion Australian superannuation fund, awarded a mandate to Ninety One, a newly rebranded asset management house headquarters in the UK and South Africa, that targets Chinese equities. This is one of the earliest discrete allocations to Chinese equities by Australian institutional investors. Earlier in the year, we saw investors from other jurisdictions placing large tickets of investment [...]
The highly expected new QFII regulation came into effect on 1st November 2020. What kind of investors and managers can benefit most from this significant policy change? 11 November 2020 The new Qualified Foreign Institutional Investor (“QFII”) regime came into effect on 1st November 2020. The 18-year-old China capital market access scheme now has a quite different appearance that deserves attention from global investors. What are the most significant changes in the regulation? Depending on what kind of investor/manager you are, the answer may vary. But three aspects are very noticeable: by lowering [...]
On 25 September 2020, China Securities Regulatory Commission (CSRC) released the Measures for the Administration of Domestic Securities and Futures Investment by Qualified Foreign Institutional Investors (QFII) and RMB Qualified Foreign Institutional Investors (in Chinese《合格境外机构投资者和人民币合格境外机构投资者境内证券期货投资管理办法》and its implementing rules (collectively, the “New QFII Measures“). The new QFII measures are based on the “Consultation papers” (“Draft QFII measures”) published by CSRC on 31 January 2019. It has since been highly expected by global asset management and investor community as there are quite a few important breakthroughs in the draft that people have long waited for. These include consolidation of QFII and RQFII [...]
It is a challenging time for global real estate market, but the green shoot has been found in Chinese real estate sector, as China has been successful in containing the COVID-19, and led the world in terms of economic recovery, Haoran Wu of Nuveen shared her observations on global and Chinese real estate market during the pandemic. 15 September 2020 It is not surprising that now is a very challenging time for the global real estate market because of the outbreak of COVID-19. Given the heightening uncertainty, property transaction has been rather depressed [...]
National Council for Social Security Fund (NCSSF), China’s pillar 1 pension management body, has recently announced its procedure to hire new overseas investment managers for 3 equity strategies: global responsible investment active equities, Japanese active equities and global technology active equities. This is the first time that NCSSF specifically searches for a responsible investment strategy. NCSSF, one of the most important Chinese global allocators, started to recruit overseas managers in 2006 and have so far hired 4 batches of global managers in 2006, 2009, 2012 and 2015 respectively. Please refer to How Do International Asset Managers Benefit From Chinese Pension [...]
Chinese alternative investment can provide strong alpha generation opportunities for global investors yet there are also a few challenges ahead. Richard Johnston of Albourne Partners talks about the pros and cons of China's alternative investments. 24 August 2020 Chinese alternative investments (hedge funds plus private market investments) have proved to be a strong alpha generator and caught increasing attention from global investors. Yet the manager selection, due diligence, and ongoing monitoring is no light job at all. Richard Johnston, Partner and Head of Asia for Albourne Partners, the alternative investment advisory firm for global institutional investors, talked [...]
The Pandemic hit the Chinese PE industry but tech-driven investments get an unexpected boost. Rafael Ratzel of Beijing based TH Capital talked about the various PE investment themes post COVID-19 in China. 05 August 2020 Private equity has been a popular option for global investors in their China asset allocation. But how much damage has the COVID-19 pandemic made to the PE industry in China and is it a good time to invest? If so, what sort of investment themes to pursue? ATC interviewed Rafael Ratzel, Executive Director & Head of International Investments of TH Capital, who [...]