Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Policy

China allows foreign-invested PE to buy HK stocks via stock connect scheme

August 12, 2019


Abstract : China has decided to allow foreign-funded private equity (PE) products to invest in the Hong Kong stock market via the mainland-Hong Kong stock connect schemes.

BEIJING, Aug. 12 (Xinhua) -- China has decided to allow foreign-funded private equity (PE) products to invest in the Hong Kong stock market via the mainland-Hong Kong stock connect schemes.

The move is part of the efforts by the Asset Management Association of China to further open the PE market to foreign investors.

Other opening-up moves include allowing overseas institutions supervised by overseas regulators to be actual controllers of foreign-invested PE, the introduction of an English qualification test for foreign-invested PE's foreign senior management and investment managers.

These steps aim to create a business environment marked by fair competition for foreign PE managers, the association said Friday.

There are 21 foreign-invested PE institutions on registration with the association, including those invested by giants such as UBS and Blackrock, with assets worth about 5.4 billion yuan (about 765.1 million U.S. dollars).

Foreign-invested PE managers are welcome to expand business in China such as by applying for public fund management businesses while complying with related regulations, according to the association.

Scan the QR code and push it to your mobile phone

Keyword: stock market private equity

Reading:

Feature: Philippine villagers get to watch, play basketball thanks to Chinese-funded power project

China's AI sector likely to hail faster integration with industrial fields

Thai MoC encourages exporters to use Form D for sharp increase of exports to Vietnam

China registers 24,458 private fund managers by end-Jan.

China has over 75,000 private equity funds by January

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial