-Regulators will register foreign firms to conduct asset management onshore
-This encompasses all asset managers, not just global hedge funds and PE
-Strict timelines mean execution ability is critical

Update: Forget about the Brexit vote and put that hot dog down. With attention last week centered elsewhere, we suspect most of you missed the move by Chinese regulators to effectively open up the domestic market to full foreign control of asset management companies. For those aware of the regulatory change, be sure to redouble your efforts and read the fine print. There are critical (even dangerous) paths which will need to be managed with precision. And finally, for all, know that upwards of two dozen foreign managers are already well on their way.

Above all else, it is the near term competitive ramifications of the regulatory move which need to be closely monitored. As will be touched on below, it is a…

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