NEWS
Fullgoal Fund Management opens HK subsidiary
21 November 2012
Category:
News, Asia, China, Hong Kong
By Hui Ching-hoo
Fullgoal Fund Management, the ninth largest asset manager in China, announced on Tuesday (November 20) that it had launched its Hong Kong subsidiary Fullgoal Asset Management (HK) in order to increase its overseas exposure.
Fullgoal Asset Management (HK) Chairman Steve Dou revealed the firm received a license type four (advising on securities) and type nine (asset management) from the Securities & Futures Commission (SFC) in September. It is still waiting for approval from Mainland and Hong Kong regulators to launch its first RQFII product.
Mr. Dou talked up the prospect of the RQFII market pointing out that an increasing number of foreign institutions were raising their exposure to the Mainland market.
“Fullgoal strives to become the leading multi-strategy investment manager in China specialising in growth stocks, quantitative investment, and fixed income investment,” he said
Li Xiaowei has been appointed as managing director of Fullgoal Asset Management (HK). She joined Fullgoal Fund Management three years ago as general manager of the quantitative and overseas investment department. Prior to that, she was an active stock investment director for the Greater China region with Barclays Global Investors.
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