China ESG - Weekly News: Fidelity wins regulatory green light to set up China fund unit

Fidelity wins regulatory green light to set up China fund unit

Information from the official website of the China Securities Regulatory Commission (CSRC) shows that on August 5, the China Securities Regulatory Commission approved the establishment of Fidelity Fund Management (China) Co., Ltd. .

It is said that Fidelity Fund is registered in Shanghai, with a registered capital of US$30 million, which is 100% funded by Fidelity Asia Holdings Pte Ltd.

At present, there are also four fund applications from Neuberger Fund Management., Schroder, Van Eck, and AllianceBernstein.

Source: IM Insights & Mandates

HSBC Hong Kong launches ESG structured notes for the first time

HSBC announced the launch of structured notes with the theme of environmental, social and governance (ESG) in Hong Kong to enrich its wealth management product line, but investors are limited to private banks and high-net-worth customers. This is the first ESG structured note product to appear in the Hong Kong market.

HSBC pointed out that this new structured note contains a basket of stocks with ESG scores ranked in the top 50% in a number of different themed industries to help customers integrate ESG elements into their investment choices without changing their investment goals. . As for the stock ESG scoring system, it is provided by Sustainalytics, an independent ESG and corporate governance research institution in the Netherlands. The subject industries involved include technology, payment solutions, consumption, semiconductors, etc.

It is reported that the above-mentioned ESG structured notes have an investment period of 1 to 5 years, but they are only issued to HSBC Hong Kong private bank customers with professional investor qualifications and HSBC Shangyu high-net-worth customers.

Source: IM Insights & Mandates

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