Strategic Outlook: Group-think January 2021

  • BNP Paribas, BWMPs, CITIC, HSBC, Huatai, insurance, JVs, Licenses, Mutual Funds, ownership, Prudential, Taikang
Group-think Multiple China approaches Market opening continued apace in 2020, and foreign groups will soon operate their own fund management companies. At the same time, a wider array of entities will be able to access the mutual fund license, forcing commitment about the best way forward. That path forward will depend on each group’s existing […]
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China Alert – Behind the insurance asset management curtain

  • free trade zone, ownership, pilot scheme
Behind the insurance asset management curtain  Insurance asset managers have reported figures on their revenue, profit and AUM. While they have multiple product types in their arsenal, there remain stark gaps in the offerings. A wide gulf will likely persist between their capabilities and those of traditional fund managers. Please note that full versions of […]
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China Alert – Pension mutual funds march on

  • free trade zone, ownership, pilot scheme
Pension mutual funds march on Pension fundraising is starting to show a divide in investor preference. Large managers are leading the charge in filling product gaps. Generating demand could be a costly (but necessary) endeavor for fund managers. Please note that full versions of our China Alerts are for clients only, if you would like […]
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China Alert – Not so fast on outbound

  • free trade zone, ownership, pilot scheme
Not so fast on outbound SAFE issued USD750m of QDII quota to five domestic managers. As it stands, new issuance looks mostly tied to an imminent ETF link. Small blips are welcome but are not entirely indicative of real opportunity. Please note that full versions of our China Alerts are for clients only, if you […]
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China Alert – Setting the record straight: 2018 fund flow figures

  • free trade zone, ownership, pilot scheme
Setting the record straight: 2018 fund flow figures Focusing on the real metrics shows which onshore managers truly won in 2018. Bond index funds provided a reliable source of fundraising, but generating organic inflows proved tricky. Looking deeper, managers that successfully attracted retail flows stood out. Please note that full versions of our China Alerts […]
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China Alert – The ownership reform fast-track

  • free trade zone, ownership, pilot scheme
The ownership reform fast-track • The Shanghai free trade zone intends to abandon ownership limits. • The announcement of a pilot scheme came at a municipal government press conference. • While this could shorten the current timeline, global managers’ existing plans regarding majority ownership should not be discarded. Please note that full versions of our […]
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