The asset management sector in China experienced something of a revival in 2021, recording its first >10% growth since 2018, after almost three years of industry shakeups and regulation changes, reports Caixin. The industry expanded 11% in 2021 to a record RMB 134 trillion ($20.5 trillion) at the end of 2021, according to a report […]
Category: Investment
China launched its first private pension scheme on Thursday, meaning that the country’s employees will now be able to invest and supplement funds in their pension accounts. The move comes as part of a range of measures to address the economic challenges posed by an aging population, reports Nikkei Asia. Employees can contribute up to […]
China overtook the United States to become the second-biggest climate funds market in the world last year, as the global market for sustainable investing continues to develop. China’s rise comes off the back of favorable conditions for environmental, social and governance (ESG) investing, reports the South China Morning Post. Assets in the Chinese climate funds […]
Global investment banks are continuing with plans to expand in Shanghai despite China’s financial capital being under strict Covid-related lockdowns, reports the Financial Times. The lockdown of Shanghai, running into its fourth week in some districts and part of Beijing’s policy of eliminating Covid-19 cases, is one of the biggest tests yet of western banks’ […]
The expansion of Chinese government fiscal revenue slowed last month compared to January and February of this year, holding back an already flagging recovery weakened by Covid-related lockdowns, reports Reuters. Last month’s government fiscal revenue rose 3.42% year-on-year to RMB 1.5834 trillion ($91.03 billion), slowing from a 10.5% growth in January-February, according to Reuters calculations […]