-One of the biggest names in the business has established an IM WFOE
-This approval needs to be viewed as part of a grander mosaic
Update: Life is what happens when you’re busy making plans. This is an appropriate sentiment when thinking over the current competitive landscape of global managers targeting China. Pretty much every firm has some plan with few actually executing. There are some outliers, such as the latest global manager to gain approval to set up a wholly-owned investment platform in Shanghai. There are another dozen-plus firms that are approaching the finish line. While achieving a level of comfort in a market this complex is a daunting task, expect to endure increasing pressure to make a move.
The primary driver behind this China Alert was last week’s approval of the latest global manager to establish a wholly-owned onshore presence (in the form of an investment management WFOE). Key to this example is the fact that the manager in question, …
Full versions of our China Alerts are for clients only, if you would like more information about a subscription please contact us:
Tel: (+86 21) 6075 – 8163 Email: email@example.com