CITIC Securities’ (600030:SHA) intention to re-acquire a 10% in China AMC, China’s largest mutual fund company by assets under management is set to represent – if it goes ahead – a milestone in China’s securities industry reform and a crucial boost to CITIC’s bottom line. We think the high-profile deal is likely to spur several other acquisitions of mutual funds by financial institutions following the lifting of a regulatory ownership cap in September last year.
Equities
Smog obscures declining profits
Most listed companies that are involved in some way with reduction of air pollution have delivered (very) good returns to their shareholders since the beginning of December 2012.
15 May 2013
A-shares: the insiders are buying
Since the beginning of August last year, the numbers of senior executives – insiders – buying A-shares in the companies for which they work has increased markedly, thanks in part to urging from the China Securities Regulatory Commission (CSRC).
16 April 2013
Wealth Management meltdown? Unlikely, but…
Research by FT China Confidential in mid-March 2013 has found that a wave of defaults by Wealth Management Products (WMPs) which causes a meltdown in China’s financial system – an outcome which some commentators have fretted about recently – is very unlikely. However, particular banks would be vulnerable to a run on the WMPs that they have issued.
22 March 2013
China relaxes RQFII rules
The authorities in Beijing have relaxed several restrictions on the renminbi Qualified Foreign Institutional Investor (RQFII) scheme, marking another step forward in the liberalisation of China’s capital controls.
07 March 2013
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CHINA CONFIDENTIAL
An integrated research service from the Financial Times that provides premium, exclusive analysis and predictions on China investment themes.
Using a dedicated FT team of specialists in China and the UK, it taps Chinese sources from the grassroots to the political elite to forecast key trends and issues. It conducts proprietary research to supply its own insights into industry trends and consumer sentiment. By filtering the work of the best Chinese analysts and academics, it keeps you current on key debates as they unfold inside mainland China. Its broad aim is to help the professional investor navigate through the Chinese investment landscape.
