Funds with non-marketable assets, or assets with poor liquidity, making up more than 50 percent of the total would be restricted from being marketed as an open-ended fund.
The latest inclusion follows a broader trend of marketing opening by Chinese authorities. In May this year, foreign investor access into mainland equity markets were also loosened after regulators scrapped quota limits for its cross-border channels &l
The coronavirus pandemic has severely dented the financial performance of major financial centres, said Liu Guohong, director of the Finance and Modern Industry Research Center at the China development Institute.
The Chinese insurer began buying shares in the bank, which makes the bulk of its revenue in Asia, in 2016 as part of its insurance investments and in December 2017 passed the 5% threshold after which it had to announce its holding.
“Realignment of investors to the changes in global benchmarks will prompt a flow of passive money into the Chinese bond market, creating an additional form of support,”
Six funds moved from silver to gold: Platinum Asia, Robeco Emerging Conservative Equity AUD, Stewart Investors W Worldwide Leaders, Stewart Investors W Worldwide Sustainability and T. Rowe Price Global Equity.
BlackRock is urging its employees to disclose their involvement in office romances, as well as intimate relationships with anyone associated with the US$7.4 trillion asset manager, in a bid to crack down on conflicts of interest.