China Alert – First in not first out

  • China International, Fidelity, JP Morgan, Manulife, Manulife Teda, Market Opening, Mutual Funds, Neuberger Berman
The expanding China universe CSRC approves two global managers in as many weeks. Neuberger Berman will proceed to operations ahead of earlier applicants. Additional approvals should follow after slight adjustments. Please note that full versions of our China Alert are for clients only, if you would like more information about a subscription please contact us: […]
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China Alert – The first fund buyout

  • Fidelity, JP Morgan, Manulife, Market Opening, Morgan Stanley, Neuberger Berman
The expanding China universe The onshore fund space now has two wholly-foreign-owned operations. Several other managers are primed for approval. Focus now shifts to the execution of new growth initiatives. Please note that full versions of our China Alert are for clients only, if you would like more information about a subscription please contact us: […]
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China Alert – Manulife takeover advances

  • FMCs, Foreign shareholders, Franklin Templeton Sealand, HSBC, JP Morgan, JVs, Manulife Teda, Morgan Stanley
Manulife takeover advances Manulife looks to be the confirmed buyer in its JV auction. The head start will require an intensive personnel rework. Pressure for deal progress may reach other local teams. Please note that full versions of our China Alert are for clients only, if you would like more information about a subscription please […]
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China Alert – Buying into China’s fund market

  • AUM, Foreign shareholders, GJA, JP Morgan, Valuation
Buying into China’s fund market Strong industry growth has fueled a long list of shareholding transactions. Valuations for scaled operations remain high. This may sway those in existing ventures towards a greenfield approach. Please note that full versions of our China Alert are for clients only, if you would like more information about a subscription […]
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China Alert – Fidelity and Neuberger Berman overdue?

  • AllianceBernstein, BlackRock, CSRC, Fidelity, FMCs, JP Morgan, Neuberger Berman, Regulatory, VanEck
Fidelity and Neuberger Berman overdue? Additional material from these managers is due and a status update may appear at CSRC in the next few days. Regulatory feedback mostly centered on internal processes rather than broader issues. Extensions are not uncommon in onshore regulatory review proceedings, but there are clear benefits to expedience. Please note that […]
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China Alert – Mega-fund hero redemption arcs

  • Active equity, AUM, Franklin Templeton Sealand, Fundraising, JP Morgan, Redemption
Mega-fund hero redemption arcs 3Q20 brought the inevitable redemption from this year’s active equity launches. The cycle shows no signs of stopping with big-name launches in the fourth quarter. Fortunately, global managers in search of a different way have a few role models onshore. Please note that full versions of our China Alerts are for […]
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