China Dashboard – March 2021

  • AUM, Brokerage, BWMPs, Fundraising, JVs, Mutual Funds, outbound, pension, WFOE
This Dashboard will examine key developments onshore from the month of February, including: MoHRSS pension commentary Interest builds around further outbound upgrades Foreign holdings top USD1tr Producer inflation outpaces consumption Global groups target multiple market entry points Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the […]
Read More

China Alert – The Greater Bay Area

  • GBA, insurance, outbound, Ping An, Premiums
The Greater Bay Area Policymakers hinted that the new Greater Bay Area investment initiative will be rolled out this year. We expect demand to be concentrated in the early stages. Further clarity is needed to determine how the program will fit into the broader outbound ecosystem. Please note that full versions of our China Alert […]
Read More

Strategic Outlook: China in 2021

  • Inbound, Market entry, outbound, Portfolio Advisory, QDII, Regionalization, Regulatory
China in 2021 Eight trends to watch Onshore activity has kept a prodigious pace throughout the year, providing a generous wellspring for our perennial trends edition of the Strategic Outlook. In the form of eight defining trends, we take a reading of flow drivers that will factor prominently in 2021. We also examine the nexus […]
Read More

China Dashboard – December 2020

  • AUM, BWMPs, Cash management, FII program, Institutions, JVs, Mandates, Market entry, outbound, QDII, Quota, WFOE
This Dashboard will examine key developments onshore from the month of November, including: China’s 14th five-year plan Credit market distress Regulatory feedback on foreign FMC applications Outbound activity continues Negative list updated for insurers Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the Chinese financial services […]
Read More

China Alert – QDII: What about the banks?

  • BoC, Citi, HSBC, ICBC, JVs, outbound, QDII, Quota, Standard Chartered
QDII: What about the banks? Foreign participants continue to wield the most bank QDII quota. The latest top-ups demonstrate the program remains a low-level priority for domestic banks. For scale, budding wealth management joint ventures would need to muster greater outbound interest from their onshore partner. Please note that full versions of our China Alerts […]
Read More

China Dashboard – November 2020

  • Bonds, ETFs, Fixed Income, Inbound, IPOs, outbound
This Dashboard will examine key developments onshore from the month of October, including: QDII outlook Stock exchange rules for foreign institutional investors Relaxed reserve requirement for FX forwards CCB Pension equity auction Fourth wholly-owned FMC application Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the Chinese […]
Read More

China Alert – QDII: A grand(ish) reopening

  • Inbound, Liberalization, outbound, QDII, Quota
QDII: A grand(ish) reopening QDII quota allocations are set to ramp up over the next 12 months. The strong currency and persistent inbound flows are likely drivers. While new issuances are certainly welcome, they fall short of broader liberalization. Please note that full versions of our China Alerts are for clients only, if you would […]
Read More

China Dashboard – October 2020

  • AUM, ETFs, Inbound, Institutions, IPOs, JVs, MMFs, NSSF, onshore, outbound, pension, QDII, WFOE
This Dashboard will examine key developments onshore from the month of September, including: Foreign institutional investor rules finalized Bond market reforms facilitate foreign investment China sovereign funds New QDII quota Insurance asset management product rules Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the Chinese financial […]
Read More

China Dashboard – August 2020

  • AUM, BWMPs, CIBM, Commercial pensions, FMCs, IPOs, Mutual Funds, outbound, pension, QDII, regulations, Stock Connect, WFOE
This Dashboard will examine key developments onshore from the month of July, including: Fund company management regulations revised Asset Management Guidance deadline extended Guidance on insurance equity asset allocation Proposed bond market cross-trading Fund custody amendment completed Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the […]
Read More

Strategic Outlook: Outbound

  • AUM, Bank Wealth Management Subsidiaries, MRF, outbound, QDII, Stock, Wealth Management Connect
Misunderstood Managing money globally on behalf of Chinese clients continues to be the primary port of call for managers embarking on their onshore journeys. However, in the context of a relatively static outbound framework – contrasted with market opening of the onshore and inbound businesses – it is long past time to consider where this […]
Read More