Why Fund Firms Are Gunning for China

Aries Tung is a numbers guy. The head of strategy and business development for UBS Group’s asset management unit in China, Tung set up a private fund business there last year despite already having a mutual fund company under a Chinese joint venture... 

Since 2015 foreign investors have had direct access to Chinese equity markets through an equity trading program known as Stock Connect, which links the Hong Kong Stock Exchange with the Shanghai and Shenzhen exchanges... A similar program known as Hong Kong China Bond Connect allows foreign investors to access China’s fixed-income market, which Stratton Street Capital estimates at $10 trillion, the third-largest in the world after the U.S. and Japan.

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