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: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.