Harvest becomes first subsidiary of China asset manager to get QFII status
17 December 2012
News, China, Global
By Hui Ching-hoo
Harvest Global Investments has become the first subsidiary of a Chinese fund manager to be awarded QFII status from the China Securities Regulatory Commission (CSRC).
Harvest Global Investments was among nine international institutions to receive QFII licenses in November, alongside JP Morgan Asset Management Taiwan, AEGON USA Investment Management, CDH Investment Advisory Private, Skandinaviska Enskilda Banken AB, Greystone Managed Investments, Uni-President Assets Management Corporation, Daiwa SB Investments, and APS Asset Management, CSRC said on its website on December 13.
The approval came three months after Hai Tong Asset Management (HK), an affiliate of Chinese securities brokerage Hai Tong Group, was granted a QFII license in September.
Established in 2008, Harvest Global Investments pursues various fund investment strategies, covering RQFII ETFs and retail funds.
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