Vanguard adds China A shares to EM fund

Vanguard will include A shares in its emerging­market fund in the fourth quarter. And Hong Kong's SFC chief Ashley Alder says he believes it is inevitable that MSCI will eventually include A shares in its indices.


FX reserves increases on gains from asset management

The BOK said Korea was the world's sixth-largest holder of foreign reserves in April. China had the largest FX reserves with $3.7 trillion, followed by Japan with $1.3 trillion. The data for China is based on end-March figures.


Henderson acquires IOOF's Perennial

Henderson Group has acquired fund manager Perennial Fixed interest Partners and Perennial Growth from IOOF and has increased its stake in a third investment firm.


HK managers face product dilemma over funds link

Hong Kong subsidiaries may have to redesign their RQFII product offerings as a result of upcoming mutual recognition, as they face direct competition with funds offered by their mainland China parent firms.


China and Germany tie-up on RMB internationalisation

Shanghai Stock Exchange, China Financial Futures Exchange and German exchange operator Deutsche Boerse have agreed to set up a Frankfurt-based joint venture (JV) in a move to promote trading of offshore RMB financial instruments.