Fund managers get creative to beat quota squeeze amid Chinese demand for offshore assets

Quick Summary:

With demand building up in recent months, his firm has now introduced measures, such as assigning quotas between branches, to avoid hitting the caps.

A rout in US and Japanese stocks last week freed up some quotas as valuations dropped and some investors redeemed some of their funds, Hualin’s Jia said.“In the long run quotas are limited and will be filled up quickly,” he added.

The quota squeeze has intensified as Chinese investors crave higher returns offshore, given the sluggish performance of local assets in a weak economy hurt by a prolonged property market downturn.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Reuters

Category: Business

Markets: Hong KongChinaJapan

Topics: Demand Quotas Fund Recent Offshore Foreign Qdii Investors Billion China Funds

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 19:00:34 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 575 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22063939

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 12 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions