Fixed income specialist Income Partners Asset Management (HK) Limited has been granted an RMB Qualified Foreign Institutional Investors (RQFII) asset management license from the China Securities Regulatory Commission (CSRC).
Income Partners has been an innovator in RMB and Asian fixed income investments. In 2010, Income Partners was one of the first asset managers to launch offshore CNH bond funds: the Income Partners Renminbi Investment Grade Fund and the Income Partners Renminbi High Yield Bond Fund.
Emil Nguy, managing partner and co-founder of Income Partners, says: “It has always been the firm’s goal to provide our clients and investors the broadest investment opportunity set, to fulfil their investment return requirements. We are delighted that the CSRC has granted us the opportunity to invest in the China onshore bond market. Our investment teams based in Beijing and Hong Kong have a strong long term track record investing in Chinese companies – this is a natural extension of the investment capabilities we can offer to our clients. Ultimately we believe the China onshore bond market will complete the Asian bond market story – the Chinese bond market is already the third largest in the world, with the current economic conditions, investors have the option of participating in the China growth story via both equities and bonds.”
Shen Tan, managing director and head of relationship management, says: “This is the reason why I joined Income Partners – this is a growing asset management company, and more importantly we are constantly innovating and investors will recognize the unique investment capabilities the firm has. We can provide investors a complete set of investment tools to access the Asian credit market, and our track record speaks for itself. We are confident we can replicate the strong performances our offshore CNH bond funds to our new RQFII bond fund.”