China's Domestic Buy-side take the Stage
On 5th July, 2011, more than 115 domestic Chinese buy-side representatives gathered at the Westin Beijing Financial Street for the OnDemand event to discuss issues related to the Qualified Domestic Institutional Investor (QDII) scheme. In a focused program covering regulation, working with international brokers, product development and case studies from QDII firms, a few key presentations stood out.
The panel with Jack He of BNY Mellon Western Fund Management, Edmond Ng of HSBC Securities Services and Jerry Xie, formerly of Guotai Asset Management, was an excellent resource for newly approved QDII firms, as was the session on trading international markets from China, with Alan Dean of HSBC.
The timeliness of the event was captured by Jack He: “The QDII conference timing was well chosen. As US market indices have returned to pre- financial crisis levels and the Chinese market keeps looming around 3000, investing in overseas markets is back on many investors’ agenda.”