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Futures Market Opening Up CHINA DAILY HONG KONG EDITION Friday, July 6, 2018 Markets | BUSINESS 21 Futures market opening up UK’s Winton Group to develop onshore ry environment improves, the firm’s Chinese business investment products within 2 months will have the biggest upside globally. By CAI XIAO in dominance, while some We are going to Man Group launched its and ZHOU LANXU other markets, such as egg, first onshore fund called AHL are unique. launch a futures China CTA in December, London-based hedge fund Yang said Winton Group focusing initially on listed manager Winton Group Ltd has a strong, long-term com- fund product in futures, including agricultur- said it will launch a futures mitment to the Chinese mar- al commodities, industrial fund in China within two ket and will seize the China within one commodities, bonds, metals, months, reflecting its opti- opportunity brought about or two months ...” and energy and stock indices. mism about the nation’s asset by the further opening-up of The company registered its management market. the country’s financial sec- Yang Min, CEO of Winton China second onshore fund in May, Winton has just successful- tor. focusing on the Chinese ly registered as a private secu- The onshore fund will use a A-share market. rities investment fund diversified trading strategy bear our international and Deng Haiqing, visiting manager with the Asset Man- based on data collection and local experience for the bene- finance professor at Renmin agement Association of Chi- analysis. The target clients fit of our Chinese clients.” University of China, said with Visitors check out services of Liepin, an online job search company listed in Hong Kong, at the compa- na, which will enable it to include Chinese banks, third- A Deloitte report showed more foreign asset manage- ny’s booth during a high-tech exhibition in Beijing. WANG QIN / FOR CHINA DAILY develop onshore investment party wealth management that by 2019, China will ment companies entering the products for qualified inves- agencies, companies and account for nearly half of the Chinese mainland market, tors on the Chinese main- high-net-worth individual global industry’s net new investors can have more land. investors. flows, to become the second- choice, and the market will “We are going to launch a Yang said Winton will largest asset management become more diversified and Falling stock prices, weak trend futures fund product in China launch another onshore fund market in the world. By 2030, international. within one or two months, aft- focusing on the Chinese China will reach over $17 tril- Deng said it is also positive er getting approval from Chi- A-share market when the lion in addressable assets for the yuan’s internationali- fail to temper HK listing plans nese regulators,” said Yang opportunity arises. under management. zation, as foreign asset man- Min, CEO of Winton China. “China’s asset management Luke Ellis, CEO of Man agers will improve their By LUO WEITENG months after it went public in days when investors just “The fund will cover most industry has great potential, Group Plc, another global understanding of the ren- in Hong Kong Shanghai. closed their eyes and bought futures categories including and Winton is excited to par- leading asset management minbi and increase use of the [email protected] “Many of the pending deals into the new economy deal are crude oil, iron ore and rubber.” ticipate in the market,” said company, said in May that if Chinese currency. basically track the listing essentially gone,” said Fielding Yang added that certain Fred Tian, head of client advi- China’s asset management Despite disappointing mar- regime reform in Hong Kong Chen Shiyuan, a Hong Kong- commodity futures in China, sory at Winton China. “We market maintains its develop Contact the writers at ket performance and luke- that paves the way for compa- based Asia economist at such as iron ore, have grown look forward to bringing to momentum and the regulato- [email protected] warm investor appetite casting nies with the dual-class share Bloomberg Intelligence. a shadow over the new econo- structure and early-stage bio- Amid mounting concerns my IPO frenzy, a flurry of main- tech firms to raise funds,” said about hefty pricing and valua- land companies have lost no Edward Au, co-leader of the tions that prove hard to sus- time in filing their IPO applica- national public offering group tain, the new economy frenzy Overseas hedge funds register on mainland tions in Hong Kong, in their of Deloitte China. has fizzled out. Among the 19 quest to cash in on the city’s list- Hong Kong remains in the Chinese mainland companies By CAI XIAO ment Management (Shang- ness in the Chinese equities tensions between the United ing regime reform and raise sweet spot to harness Chinese that raised a combined total of and ZHOU LANXU hai) Ltd, both wholly foreign- and futures markets in the States and China, and the funds before a potential rever- mainland floats. Over the first HK$36.1 billion in Hong Kong owned enterprises. years ahead,” Harding said. stock market slump,” Ma said. sal from peak valuations. half of the year, nearly three in this year, nine firms traded Global hedge fund manage- Regulations stipulate the Winton initially began col- China will implement more Despite muted demand five newly minted stocks have below their offering prices on ment firms Bridgewater Asso- asset managers must launch lecting and studying data for supportive policies for further from retail investors and a sus- come from Hong Kong-based the first day of trading. As of ciates LP and Winton Group products within six months Chinese mainland markets in opening-up and financial tained stock market down- companies. However, Chinese Thursday, only five companies Ltd have received Chinese pri- of registering. 2008, with the launch of its innovation, which is good for turn, Chinese mainland mainland firms still contribut- managed to stay above their vate securities investment Thirteen foreign asset first diversified trading strat- the healthy development of smartphone maker Xiaomi ed to more than 80 percent of offering prices. fund manager licenses, in a managers have registered in egy for Chinese futures mar- the entire capital market, Ma remains on track to debut in funds raised, according to the As escalating Sino-US trade sign of the government’s deter- this way since last September, kets in 2010. said. Global leading foreign Hong Kong next Monday. latest report from Deloitte. tensions weigh on global equi- mination to further open up including Man Group Plc, “I am so glad to hear the asset managers will also bring Other deals in the pipeline This trend will pick up ty markets, newly listed com- the mainland’s financial sector. Fidelity International, Black- news because it shows the advanced management ideas include those from Tencent- steam in the second half of panies are in for a bumpy ride Registering with the Asset Rock Inc, UBS Group AG, Chinese government has a on customer service and more backed online food review 2018, said Deloitte, which pro- in Hong Kong, Chen said. Management Association of Bridgewater and Winton. positive attitude toward sophisticated investment risk and delivery company Meitu- jects at least five HK$10 billion “Looking ahead, boom or China will enable Bridgewa- David Harding, CEO of Win- opening-up,” said Ma Wenya, warning. an-Dianping, online travel ($1.27 billion) IPOs from the bust, it is the company’s fun- ter and Winton to develop ton, said the firm’s registration general manager of Sunday The China Securities Regu- agent Tongcheng-eLong, new economy sectors and damentals that have a big say onshore investment products will allow it to continue build- Fund Co Ltd, a Chengdu, latory Commission said last livestreaming app Ingkee, and roughly 10 unicorns — startups in the valuation and market for qualified investors in the ing its business in the Chinese Sichuan province-based asset June that qualified wholly steel and iron e-commerce valued at $1 billion or more — performance of the newly Chinese mainland, the associ- market for the long term. management company. foreign-owned enterprises Zhaogang. will list in Hong Kong in the minted stocks,” Au said. ation said on Wednesday. “We have been successfully “The Chinese government and joint-venture companies WuXi AppTec, the Shang- coming six months. The flagship benchmark The registrations were advising Chinese investors in has a firm determination to can apply to become privately hai-based biotechnology firm, “Moreover, many compa- Hang Seng Index was down 0.21 granted to Bridgewater (Chi- Chinese futures markets for steadily promote the further offered fund managers at the also announced plans to sell nies are catching the last bus percent, or 59.58 points, to close na) Investment Management eight years, and we look for- opening-up of its financial sec- Asset Management Associa- shares in Hong Kong, just two to raise funds, as the good old at 28182.09 points on Thursday. Co Ltd and Winton Invest- ward to developing our busi- tor, regardless of rising trade tion of China. Daily Stock Market Performance GainersGainers and andLosers Losers International Stock Markets Daily YTD Daily Daily Daily YTD % Chg Index Close % Chg % Chg GAINERS Close % Chg LOSERS Close % Chg Close % Chg –10% 0% +10% Shanghai Stock Exchange Composite Index 2733.88 –0.9 –17.3 Shanghai Stock Exchange Hang Seng Index 28,182.09 –0.2 3600 ShanghaiGreencortInvst 4.04 10.08 Guangzhou Yuetai Group 3.11 –10.12 Hang Seng China Ent Index 10,608.06
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