News

BNP Paribas promises quota-led ESG investment in China

Green_bondsBNP Paribas Asset Management says it is the first global fund manager to possess a quota from the Chinese authorities that will be used to channel money into an environmental, social and governance (ESG) fund. The firm’s wholly foreign-owned enterprise (WFOE), a subsidiary based in Shanghai, attained the quota under the qualified domestic limited partner (QDLP) programme. “Through this programme, qualified high-net-worth and institutional investors in China seeking to diversify their investments across an expanding range of asset classes and geographies can now access our global expertise as an investment solutions provider,” said Ligia Torres, chief executive of BNP Paribas Asset Management in Asia-Pacific. QDLP is a mechanism to allow international asset managers to raise money from onshore Chinese investors for investment in overseas assets. BNP Paribas Asset Management said it would use its QDLP quota to channel Chinese investors’ money into an ESG fund, hoping to benefit from a nascent demand in the country for responsible investment. ©2018 funds global asia

Executive Interviews

Interview: Money needs a place to go

Mar 11, 2019

Peng Fei, chief investment officer at Wanwei Asset Management, tells Romil Patel about allocating capital across risk factors when asset performance is uncertain and unpredictable.

INTERVIEW: Giving peace a chance

Jan 11, 2019

As US-China tensions escalated in 2018, the leaders of the two economies met in Buenos Aires to agree a truce. Aidan Yao, senior emerging Asia economist at Axa Investment Managers, talks to Romil...

Roundtables

Singapore roundtable: A money magnet

Mar 11, 2019

Our panel discussed why the Singapore Variable Capital Company makes them bullish, what gives the onshore jurisdiction an offshore feel and “blood on the streets” from China’s slowdown. Chaired by Romil Patel in Singapore.

HONG KONG ROUNDTABLE: A sunny picture

Jan 11, 2019

Changes to regulation, US-Sino trade tensions and further steps by China to open its capital markets were some of the topics discussed by our panel. Chaired by Romil Patel in Hong Kong.