China Mutual Fund Series: Quarterly Assessment – 3Q19

  • asset management industry, AUM, China fund industry, Fixed Income, WFOE
Industry AUM rebounded in the third quarter, and we expect assets to hit RMB14tr by the end of the year. Fixed income products continued to dominate fundraising, but they may not much longer. Fund managers are particularly increasing efforts to differentiate themselves in a passive equity space that is just beginning to find some retail […]
Read More

(China Alert) Market access: New marching orders

  • asset management industry
-State Council released a document on opening financial markets to global competition. -We expect access to China’s mutual fund market to begin this year with a pilot scheme. Update: China now has its marching orders to open the asset management industry further to foreign control. The State Council yesterday released a much-anticipated document giving its […]
Read More