Aspect Capital, a well-known London hedge with $8 billion in assets under management, is planning to enter the Chinese market.
Brokerage China reporters learned that Kuanli Capital is planning to set up an office in Shanghai, with the goal of registering as a wholly foreign-owned enterprise (WFOE) to meet the needs of Chinese investors for alternative investments. The company plans to use quantitative measurement strategies to explore investment opportunities in China's capital market and seek in-depth participation in the financial sector. This means that global investors' confidence in the Chinese market continues.
At present, the relevant authorities are simplifying the process of registering capital for foreign institutional investors and facilitating foreign exchange management for foreign investors, and the policy adjustments are aimed at providing a more open participation environment for the Chinese market. These changes indicate that the Chinese market will become more attractive to international investors, helping to promote the formation of long-term capital and the high-quality development of the market.
London's well-known quantitative giant settled in China.
London-based hedging** firm Kuanli Capital, which focuses on quantitative strategies, is preparing to enter the Chinese market. Kuanli Capital was approved as a Qualified Foreign Investor (QFII) in late 2022 and is planning to set up a wholly foreign-owned enterprise (WFOE) in Shanghai, according to Reuters, and has already hired two senior executives to meet the growing demand for alternative assets from Chinese investors.
It is understood that Kuanli Capital's goal to enter the Chinese market focuses on diversified domestic commodities** and **bonds**. The Company believes that the Chinese market has a high level of depth and uniqueness, and plays a key role in global commodity pricing.
In the view of the relevant person in charge of Kuanli Capital, China's ** market is different, "there is no equivalent market for chemical raw materials such as PTA and polyethylene in the West, so the Chinese market has a great say in the global pricing of these commodities." ”
According to public information, Kuanli Capital was established in 1997 and is headquartered in London. The company is known for its systematic and quantitative approach to investment management, utilizing advanced technology and sophisticated mathematical models that drive computers to trade global markets around the clock. With over $8 billion in assets under management, Broad Capital systematically identifies and leverages highly liquid** and trends in the foreign exchange market through a medium-term trend following strategy. The Company's investment decisions are driven by a range of factors, including trend following, holdings, seasonality, relative holdings, and other market behavior. In terms of performance, the company's investment strategy has been particularly successful in bear markets.
Kuanli Capital was co-founded by Anthony Todd, Martin Lueck, Michael Adam and Eugene Lambert, who were deeply involved in Ahl (Adam, Harding and Lueck Limited) AHL is one of the pioneers in applying quantitative techniques to investment management.
Foreign "catfish" poured into the Chinese market.
With the pace of opening up China's capital market to the outside world, the participation of foreign institutions in the local market is also deepening.
A number of global asset management giants, including BlackRock and JPMorgan Chase, have adopted joint ventures to enhance local cooperation. For example, in the second half of 2020, Amundi and BOC Wealth Management, the first foreign-controlled wealth management company established by Amundi Wealth Management, officially opened, with Amundi Couven's 55% investment in HSBC Wealth ManagementIn mid-2021, BlackRock CCB Wealth Management, a partnership between BlackRock, Fullerton Investments and CCB Wealth Management, was officially establishedAt the end of 2021, J.P. Morgan deepened its ties with China's financial market by investing in CMB Wealth Management through a strategic investment, which is a testament to the long-term interest of foreign institutions in the Chinese market.
Not only that, foreign institutions are also further consolidating the foundation for development in China in the form of wholly-owned holdings. Taking public offering institutions as an example, up to now, there have been nine wholly foreign-owned public offerings** in China. Among them, BlackRock**, Neuberger Berman**, Fidelity**, Schroders**, AllianceBernstein** and Allianz** are newly established public offerings, while TEDA Manulife**, CIFM Morgan and Morgan Stanley Huaxin** are converted from Sino-foreign joint venture public offerings to wholly foreign-owned public offerings.
It is worth noting that while foreign institutions still have confidence in the Chinese market, the pace of simplifying foreign investment access in the Chinese market has not stopped. Recently, the People's Bank of China and the State Administration of Foreign Exchange (SAFE) issued a set of draft amendments aimed at simplifying the registered capital management process for foreign investors such as Qualified Foreign Institutional Investors (QFIIs) and Renminbi Qualified Foreign Institutional Investors (RQFIIs).
The new rules are expected to improve the operational efficiency of foreign institutions and enhance their confidence in investing in China's financial markets. The new rules also include simplifying the process of repatriating earnings, making it easier for foreign investors to remit earnings out of China. These measures show that the openness of China's financial market is further improving.
A series of measures have greatly boosted the confidence of foreign investors to participate in the Chinese market. Recently, in addition to Kuanli Capital, a number of other foreign institutions are also actively paying attention to the opportunities to enter the Chinese market. For example, Castle**, one of the world's largest market-making firms, obtained QFII status in February this year. Zhao Peng, CEO of Castle**, said that he is pleased to further expand its participation in the Chinese market through the Stock Connect and QFII, and that Castle** will actively explore the possibility of carrying out onshore license business under the conditions permitted by the regulator.
Editor-in-charge: Yang Yucheng.
Proofreading: Zhu Tianting.
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