Profitability Archives - Z-Ben Advisors

China Alert – New bearing for CIC

CIC, Mandates, Profitability

The expanding China universe The CIC offshore portfolio returned 14.3% in 2021. Expertise needs have evolved following internal restructuring. Mandate opportunities are still on the table. 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: Tel: (+86 21) 6075 […]

Asset allocation, AUM, Fees, NCSSF, pension, Profitability

Pension reserves Status quo Investment returns lifted NSSF assets over USD470bn (RMB3tr) in 2021. Yield compression onshore may prompt greater global exposure. While this may spell mandate opportunities, institutional relationships remain ingrained. Please note that full versions of our China Alert are for clients only, if you would like more information about a subscription please […]

BWMPs, Fixed Income, Market Opening, Profitability, Risk management

Bank Wealth Management Hooks and hurdles Bank wealth management is a USD4.6tr industry under transformation. Wealth management platforms are now also firmly in the sights of global groups seeking to take advantage of China’s market opening efforts. This Strategic Outlook takes a glance at the newest onshore trends. It assesses the need for global entrants […]

AUM, Bonds, Distribution, Fixed Income, FMCs, IFAs, JVs Fundraising, Market share, Mutual Funds, Products, Profitability

Recent months have been fraught with pessimism for the equity business. But fixed-income demand surged in 4Q21, and industry AUM rose yet again past RMB25.1tr. Industry profits in 2021 should be more than healthy. Early 2022 is bringing adjustments to distribution techniques and product strategies. Even as fundraising falters across the board, managers continue to […]

Insurance Asset Management, Market Opening, Profitability, Regulators

This Dashboard will examine key developments onshore from the month of March, including: Global firms execute on expanded market opening Regulators pledge macro policy support Insurance asset management product rules formalized Further clarification on FX hedging Foreign Investment Law complaints procedure Aside from these key takeaways, we will also provide a quick analytical update on […]

Market Opening, private funds, Profitability, Roboadvisory

Crafting a competitive China business As the onshore fund business approaches its largest market-opening date yet, global managers looking to chart their own courses have some difficult decisions to make. Fortunately, there’s no need to go in blindly; domestic counterparts and joint ventures have gone through these experiences before. In this Strategic Outlook, we profile […]

Fundraising, Profitability

Money to spend in 2021 2020 profit margins look set to benefit from the recent round of fundraising. The effects will be felt across both active and passive managers. Adjusted profitability projections will alter potential M&A dynamics in the fund management industry. Please note that full versions of our China Alerts are for clients only, […]

China Alert – New bearing for CIC

China Alert – Pension reserves Status quo

Strategic Outlook: Bank wealth management – March 2022

China Dashboard – April 2020

Strategic Outlook: Role models

China Alert – Money to spend in 2021