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HonJen
2021-03-16
nice
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HonJen
2021-03-16
interesting
Vanguard Hits Pause on Fund Ambitions in China
HonJen
2021-03-16
hmmm
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10:47","market":"us","language":"en","title":"Vanguard Hits Pause on Fund Ambitions in China","url":"https://stock-news.laohu8.com/highlight/detail?id=1152659068","media":"The Wall Street Journal","summary":"The decision is part of the U.S. financial giant’s push to focus on dispensing advice in China with ","content":"<p>The decision is part of the U.S. financial giant’s push to focus on dispensing advice in China with Ant Group</p>\n<p>American financial giant Vanguard Group has suspended plans to launch a mutual-fund business in China.</p>\n<p>The Malvern, Pa., firm told staffers in recent days that it was pausing months of preparations to sell its funds to Chinese consumers. The firm had been planning to seek Beijing’s approval for the business.</p>\n<p>The $7.2 trillion asset manager has for years aimed to bring low-cost index funds to China, a radical idea in a country where investors prize funds that pick and choose investments to beat markets. But Vanguard executives have now decided that building a meaningful presence in China’s fund industry would take longer than they expected, people familiar with the matter said.</p>\n<p>The shift will result in a small number of jobs being eliminated.</p>\n<p>Vanguard’s decision stands in contrast to other Wall Street firms, which are continuing a push to get Beijing’s approval to sell their own funds to Chinese consumers. Vanguard is betting that it can reach Chinese individuals another way.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vanguard Hits Pause on Fund Ambitions in China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVanguard Hits Pause on Fund Ambitions in China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 10:47 GMT+8 <a href=https://www.wsj.com/articles/vanguard-hits-pause-on-fund-ambitions-in-china-11615857804?mod=hp_lead_pos6><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The decision is part of the U.S. financial giant’s push to focus on dispensing advice in China with Ant Group\nAmerican financial giant Vanguard Group has suspended plans to launch a mutual-fund ...</p>\n\n<a href=\"https://www.wsj.com/articles/vanguard-hits-pause-on-fund-ambitions-in-china-11615857804?mod=hp_lead_pos6\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AVD":"美国先锋","06688":"蚂蚁集团"},"source_url":"https://www.wsj.com/articles/vanguard-hits-pause-on-fund-ambitions-in-china-11615857804?mod=hp_lead_pos6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152659068","content_text":"The decision is part of the U.S. financial giant’s push to focus on dispensing advice in China with Ant Group\nAmerican financial giant Vanguard Group has suspended plans to launch a mutual-fund business in China.\nThe Malvern, Pa., firm told staffers in recent days that it was pausing months of preparations to sell its funds to Chinese consumers. The firm had been planning to seek Beijing’s approval for the business.\nThe $7.2 trillion asset manager has for years aimed to bring low-cost index funds to China, a radical idea in a country where investors prize funds that pick and choose investments to beat markets. But Vanguard executives have now decided that building a meaningful presence in China’s fund industry would take longer than they expected, people familiar with the matter said.\nThe shift will result in a small number of jobs being eliminated.\nVanguard’s decision stands in contrast to other Wall Street firms, which are continuing a push to get Beijing’s approval to sell their own funds to Chinese consumers. Vanguard is betting that it can reach Chinese individuals another way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325360918,"gmtCreate":1615865388634,"gmtModify":1704787657427,"author":{"id":"3574149699356461","authorId":"3574149699356461","name":"HonJen","avatar":"https://static.tigerbbs.com/ea0fa17936d778569c9aff592083b305","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574149699356461","authorIdStr":"3574149699356461"},"themes":[],"htmlText":"hmmm","listText":"hmmm","text":"hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325360918","repostId":"2119777940","repostType":4,"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325387022,"gmtCreate":1615865320566,"gmtModify":1704787655303,"author":{"id":"3574149699356461","authorId":"3574149699356461","name":"HonJen","avatar":"https://static.tigerbbs.com/ea0fa17936d778569c9aff592083b305","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574149699356461","authorIdStr":"3574149699356461"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325387022","repostId":"2119413099","repostType":4,"repost":{"id":"2119413099","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1615864553,"share":"https://ttm.financial/m/news/2119413099?lang=&edition=fundamental","pubTime":"2021-03-16 11:15","market":"us","language":"en","title":"MGM Stock Valuation Is 'Changing For The Better'","url":"https://stock-news.laohu8.com/highlight/detail?id=2119413099","media":"Benzinga","summary":"Hotels and casino company MGM Resorts International (NYSE: MGM) boasts a complex valuation, but thre","content":"<p><img src=\"https://static.tigerbbs.com/108ae4951887f5eabfbd62686ccf1e00\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>Hotels and casino company <b>MGM Resorts International</b> (NYSE: MGM) boasts a complex valuation, but three notable catalysts mean it is now \"changing for the better,\" according to Jefferies.</p>\n<p><b>The MGM Resorts Analyst:</b> David Katz upgraded MGM Resorts' stock rating from Hold to Buy with a price target lifted from $36 to $50.</p>\n<p><b>The MGM Resorts Thesis:</b> The main catalyst that will drive MGM's stock higher is a stronger macro outlook, especially for the tourist hub of Las Vegas, Katz wrote in the upgrade note. The continued rollout of the COVID-19 vaccine and distribution of stimulus checks bodes well for leisure travel and group travel.</p>\n<p>Las Vegas' overall recovery should pick up momentum in the back half of 2021 and continue through 2022 and this looks good for MGM's 10 properties in the region, the analyst wrote. While the company's properties in Vegas accounted for 54% of 2019 EBITDAR, its exposure to Macau is less certain with that EBITDAR likely to trend at less than 85% of 2019 levels.</p>\n<p><i>Related Link: BofA Upgrades MGM Resorts: 'Could Become A Story Stock'</i></p>\n<p>The bullish case for MGM's stock is also based on a strong management team backed by the \"operating-focused\" CEO William Hornbuckle and CFO Jonathan Halkyard. In addition, recent notable changes to the board of directors include representations from Corvex and <b>IAC/Interactivecorp</b> (NASDAQ: IAC) that adds digital expertise.</p>\n<p>Finally, early data from BetMGM is encouraging as BetMGM captured 38% of iGaming GGR and 20% of OSB handle in January.</p>\n<p>\"The combination of Opco and owned assets, partial stakes, coupled with the combination of geographies, structures and growth profiles and the disclosure thereof, has weighed on the valuation,\" Katz wrote. \"We expect this to change.\"</p>\n<p><b>WBA Price Action: </b>Shares of MGM are up 4.66% at $40.79 at time of publication.</p>\n<p><b>Latest Ratings for MGM</b></p>\n<table>\n <tbody>\n <tr>\n <th>Date</th>\n <th>Firm</th>\n <th>Action</th>\n <th>From</th>\n <th>To</th>\n </tr>\n </tbody>\n <tbody>\n <tr>\n <td>Mar 2021</td>\n <td>Jefferies</td>\n <td>Upgrades</td>\n <td>Hold</td>\n <td>Buy</td>\n </tr>\n <tr>\n <td>Feb 2021</td>\n <td>Argus Research</td>\n <td>Upgrades</td>\n <td>Hold</td>\n <td>Buy</td>\n </tr>\n <tr>\n <td>Feb 2021</td>\n <td><a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a></td>\n <td>Maintains</td>\n <td></td>\n <td>Equal-Weight</td>\n </tr>\n </tbody>\n</table>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MGM Stock Valuation Is 'Changing For The Better'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMGM Stock Valuation Is 'Changing For The Better'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-03-16 11:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/108ae4951887f5eabfbd62686ccf1e00\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p>Hotels and casino company <b>MGM Resorts International</b> (NYSE: MGM) boasts a complex valuation, but three notable catalysts mean it is now \"changing for the better,\" according to Jefferies.</p>\n<p><b>The MGM Resorts Analyst:</b> David Katz upgraded MGM Resorts' stock rating from Hold to Buy with a price target lifted from $36 to $50.</p>\n<p><b>The MGM Resorts Thesis:</b> The main catalyst that will drive MGM's stock higher is a stronger macro outlook, especially for the tourist hub of Las Vegas, Katz wrote in the upgrade note. The continued rollout of the COVID-19 vaccine and distribution of stimulus checks bodes well for leisure travel and group travel.</p>\n<p>Las Vegas' overall recovery should pick up momentum in the back half of 2021 and continue through 2022 and this looks good for MGM's 10 properties in the region, the analyst wrote. While the company's properties in Vegas accounted for 54% of 2019 EBITDAR, its exposure to Macau is less certain with that EBITDAR likely to trend at less than 85% of 2019 levels.</p>\n<p><i>Related Link: BofA Upgrades MGM Resorts: 'Could Become A Story Stock'</i></p>\n<p>The bullish case for MGM's stock is also based on a strong management team backed by the \"operating-focused\" CEO William Hornbuckle and CFO Jonathan Halkyard. In addition, recent notable changes to the board of directors include representations from Corvex and <b>IAC/Interactivecorp</b> (NASDAQ: IAC) that adds digital expertise.</p>\n<p>Finally, early data from BetMGM is encouraging as BetMGM captured 38% of iGaming GGR and 20% of OSB handle in January.</p>\n<p>\"The combination of Opco and owned assets, partial stakes, coupled with the combination of geographies, structures and growth profiles and the disclosure thereof, has weighed on the valuation,\" Katz wrote. \"We expect this to change.\"</p>\n<p><b>WBA Price Action: </b>Shares of MGM are up 4.66% at $40.79 at time of publication.</p>\n<p><b>Latest Ratings for MGM</b></p>\n<table>\n <tbody>\n <tr>\n <th>Date</th>\n <th>Firm</th>\n <th>Action</th>\n <th>From</th>\n <th>To</th>\n </tr>\n </tbody>\n <tbody>\n <tr>\n <td>Mar 2021</td>\n <td>Jefferies</td>\n <td>Upgrades</td>\n <td>Hold</td>\n <td>Buy</td>\n </tr>\n <tr>\n <td>Feb 2021</td>\n <td>Argus Research</td>\n <td>Upgrades</td>\n <td>Hold</td>\n <td>Buy</td>\n </tr>\n <tr>\n <td>Feb 2021</td>\n <td><a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a></td>\n <td>Maintains</td>\n <td></td>\n <td>Equal-Weight</td>\n </tr>\n </tbody>\n</table>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MGM":"美高梅"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2119413099","content_text":"Hotels and casino company MGM Resorts International (NYSE: MGM) boasts a complex valuation, but three notable catalysts mean it is now \"changing for the better,\" according to Jefferies.\nThe MGM Resorts Analyst: David Katz upgraded MGM Resorts' stock rating from Hold to Buy with a price target lifted from $36 to $50.\nThe MGM Resorts Thesis: The main catalyst that will drive MGM's stock higher is a stronger macro outlook, especially for the tourist hub of Las Vegas, Katz wrote in the upgrade note. The continued rollout of the COVID-19 vaccine and distribution of stimulus checks bodes well for leisure travel and group travel.\nLas Vegas' overall recovery should pick up momentum in the back half of 2021 and continue through 2022 and this looks good for MGM's 10 properties in the region, the analyst wrote. While the company's properties in Vegas accounted for 54% of 2019 EBITDAR, its exposure to Macau is less certain with that EBITDAR likely to trend at less than 85% of 2019 levels.\nRelated Link: BofA Upgrades MGM Resorts: 'Could Become A Story Stock'\nThe bullish case for MGM's stock is also based on a strong management team backed by the \"operating-focused\" CEO William Hornbuckle and CFO Jonathan Halkyard. In addition, recent notable changes to the board of directors include representations from Corvex and IAC/Interactivecorp (NASDAQ: IAC) that adds digital expertise.\nFinally, early data from BetMGM is encouraging as BetMGM captured 38% of iGaming GGR and 20% of OSB handle in January.\n\"The combination of Opco and owned assets, partial stakes, coupled with the combination of geographies, structures and growth profiles and the disclosure thereof, has weighed on the valuation,\" Katz wrote. \"We expect this to change.\"\nWBA Price Action: Shares of MGM are up 4.66% at $40.79 at time of publication.\nLatest Ratings for MGM\n\n\n\nDate\nFirm\nAction\nFrom\nTo\n\n\n\n\nMar 2021\nJefferies\nUpgrades\nHold\nBuy\n\n\nFeb 2021\nArgus Research\nUpgrades\nHold\nBuy\n\n\nFeb 2021\nMorgan Stanley\nMaintains\n\nEqual-Weight","news_type":1},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":325387022,"gmtCreate":1615865320566,"gmtModify":1704787655303,"author":{"id":"3574149699356461","authorId":"3574149699356461","name":"HonJen","avatar":"https://static.tigerbbs.com/ea0fa17936d778569c9aff592083b305","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574149699356461","authorIdStr":"3574149699356461"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325387022","repostId":"2119413099","repostType":4,"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325360293,"gmtCreate":1615865409112,"gmtModify":1704787658408,"author":{"id":"3574149699356461","authorId":"3574149699356461","name":"HonJen","avatar":"https://static.tigerbbs.com/ea0fa17936d778569c9aff592083b305","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574149699356461","authorIdStr":"3574149699356461"},"themes":[],"htmlText":"interesting","listText":"interesting","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325360293","repostId":"1152659068","repostType":4,"repost":{"id":"1152659068","pubTimestamp":1615862855,"share":"https://ttm.financial/m/news/1152659068?lang=&edition=fundamental","pubTime":"2021-03-16 10:47","market":"us","language":"en","title":"Vanguard Hits Pause on Fund Ambitions in China","url":"https://stock-news.laohu8.com/highlight/detail?id=1152659068","media":"The Wall Street Journal","summary":"The decision is part of the U.S. financial giant’s push to focus on dispensing advice in China with ","content":"<p>The decision is part of the U.S. financial giant’s push to focus on dispensing advice in China with Ant Group</p>\n<p>American financial giant Vanguard Group has suspended plans to launch a mutual-fund business in China.</p>\n<p>The Malvern, Pa., firm told staffers in recent days that it was pausing months of preparations to sell its funds to Chinese consumers. The firm had been planning to seek Beijing’s approval for the business.</p>\n<p>The $7.2 trillion asset manager has for years aimed to bring low-cost index funds to China, a radical idea in a country where investors prize funds that pick and choose investments to beat markets. But Vanguard executives have now decided that building a meaningful presence in China’s fund industry would take longer than they expected, people familiar with the matter said.</p>\n<p>The shift will result in a small number of jobs being eliminated.</p>\n<p>Vanguard’s decision stands in contrast to other Wall Street firms, which are continuing a push to get Beijing’s approval to sell their own funds to Chinese consumers. Vanguard is betting that it can reach Chinese individuals another way.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vanguard Hits Pause on Fund Ambitions in China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVanguard Hits Pause on Fund Ambitions in China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 10:47 GMT+8 <a href=https://www.wsj.com/articles/vanguard-hits-pause-on-fund-ambitions-in-china-11615857804?mod=hp_lead_pos6><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The decision is part of the U.S. financial giant’s push to focus on dispensing advice in China with Ant Group\nAmerican financial giant Vanguard Group has suspended plans to launch a mutual-fund ...</p>\n\n<a href=\"https://www.wsj.com/articles/vanguard-hits-pause-on-fund-ambitions-in-china-11615857804?mod=hp_lead_pos6\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AVD":"美国先锋","06688":"蚂蚁集团"},"source_url":"https://www.wsj.com/articles/vanguard-hits-pause-on-fund-ambitions-in-china-11615857804?mod=hp_lead_pos6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152659068","content_text":"The decision is part of the U.S. financial giant’s push to focus on dispensing advice in China with Ant Group\nAmerican financial giant Vanguard Group has suspended plans to launch a mutual-fund business in China.\nThe Malvern, Pa., firm told staffers in recent days that it was pausing months of preparations to sell its funds to Chinese consumers. The firm had been planning to seek Beijing’s approval for the business.\nThe $7.2 trillion asset manager has for years aimed to bring low-cost index funds to China, a radical idea in a country where investors prize funds that pick and choose investments to beat markets. But Vanguard executives have now decided that building a meaningful presence in China’s fund industry would take longer than they expected, people familiar with the matter said.\nThe shift will result in a small number of jobs being eliminated.\nVanguard’s decision stands in contrast to other Wall Street firms, which are continuing a push to get Beijing’s approval to sell their own funds to Chinese consumers. Vanguard is betting that it can reach Chinese individuals another way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325360918,"gmtCreate":1615865388634,"gmtModify":1704787657427,"author":{"id":"3574149699356461","authorId":"3574149699356461","name":"HonJen","avatar":"https://static.tigerbbs.com/ea0fa17936d778569c9aff592083b305","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574149699356461","authorIdStr":"3574149699356461"},"themes":[],"htmlText":"hmmm","listText":"hmmm","text":"hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325360918","repostId":"2119777940","repostType":4,"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
