久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Amundi banks on financial linkages

By Oswald Chan in Hong Kong | China Daily | Updated: 2018-03-23 13:08
Share
Share - WeChat

Amundi Asset Management, the asset management arm of France-based investment bank Credit Agricole SA, is banking on more cross-border initiatives in the financial sector between the Chinese mainland and Hong Kong to tap the burgeoning demand of mainland investors' for global assets.

The Chinese mainland, Hong Kong and Taiwan are the fund manager's key growth markets whereas the assets under management (AUM) sourced from the mainland and Hong Kong jumped 15.4 percent and 13.9 percent respectively in 2017.

The fund manager has signed distribution agreements with Agricultural Bank of China and e-commerce giant Alibaba Group Holding's affiliate Ant Financial to distribute fund products on the mainland through physical and digital channels.

The fund manager also inked a memorandum of understanding with Agricultural Bank to deepen its strategic partnership after the lender became a cornerstone investor of Amundi in 2015.

It is also planning to participate in various cross-border linkages in the financial sector between the mainland and Hong Kong, so that the fund manager can leverage on these initiatives to launch more investment products for mainland customers.

"Chinese investors, be it retail and institutional, are into global asset allocation, something that was not possible earlier. Thanks to the gradual opening of the capital account, there will be more and more money available for overseas allocation," said Zhong Xiaofeng, Amundi's North Asia chief executive officer.

Asset management business on the mainland stood at about 53.6 trillion yuan ($8.25 trillion) at the end of last year, up 3.5 percent, according to the Asset Management Association of China.

Business advisory firm Casey Quirk said the asset management industry in the mainland is set to expand fivefold to $17 trillion by 2030. IBIS World, a global business intelligence information provider, forecasts industry revenue to grow by 5.7 percent every year over the next five years to reach $18.76 billion in 2022.

Major cross-border financial initiatives between Hong Kong and the mainland include the Shanghai-Hong Kong Stock Connect in 2014, the Shenzhen-Hong Kong Stock Connect in 2016, and the northbound trade of the Bond Connect in 2017. The Mutual Recognition of Funds (MRF), launched in 2015, allows reciprocal purchase and sale of mutual investment funds domiciled in Hong Kong and the mainland.

"We are expecting stronger growth in the mainland, driven by various levers such as MRF with Hong Kong," said Yves Perrier, chief executive officer of Amundi Group.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 中文字幕成人免费高清在线视频 | 国产三级全黄 | 国产精品成人免费视频不卡 | 精品一区二区三区中文字幕 | 亚洲成人一区在线 | 色悠久久久久综合网伊人男男 | 久久91精品国产91久久小草 | 国产99久久 | 高清国产亚洲va精品 | 亚洲一级成人 | 国产欧美专区在线观看 | 亚洲国产老鸭窝一区二区三区 | 在线久久 | 久久99精品久久久久久 | 特级毛片在线播放 | 美女色黄网站 | 欧美高清免费一级在线 | 在线精品日韩一区二区三区 | 成人免费观看视频久爱网 | 欧美高清免费精品国产自 | 国产精品亚洲片在线观看不卡 | 亚洲男人天堂 | 国产视频一二三 | 久草热视频 | 在线观看中文字幕亚洲 | 亚洲精品欧美精品一区二区 | 女仆色在线 | 久爱免费观看在线网站 | 好爽~好硬~好紧~蜜芽 | 91精品最新国内在线播放 | 免费看欧美一级a毛片 | 特级毛片aaaa免费观看 | 成人中文字幕在线 | 久久一区二区三区99 | 亚洲成人免费视频 | 欧美高清一级毛片免费视 | 97免费视频在线 | 国产男女交性视频播放免费bd | 免费又黄又爽又猛大片午夜 | 亚洲欧美精品网站在线观看 | 日本强不卡在线观看 |