Strategic Outlook: Fintech

  • Ant, CMB, Distribution, fintech
One Ant at a time All eyes are on Ant – at least in the IPO world. The company has catapulted to the fore of the financial industry in China and helped define a fintech landscape. At the same time, its role in the distribution of funds and financial services is constantly changing. Keeping pace […]
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China Alert – Upending bank distribution

  • Ant, China Merchants, Distribution, Fundraising, Marketing, Online Platform
Upending bank distribution Ant is breaking the bank to push new funds exclusively on its platforms. While banks are up in arms, true change in distribution still needs time. The cost for managers willing to take such flow volume: actual counterparty due diligence. Please note that full versions of our China Alerts are for clients […]
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China Alert – Guess who’s back with quota

  • CIB, DWS, E Fund, GF, Harvest, Invesco Great Wall, Orient, QDII, Quota, SAFE, Wanjia, Yinhua
Guess who’s back with quota It has been 17 months since the last QDII quota was issued. QDII utility in ETF connectivity schemes with Hong Kong and Tokyo explain part of the recent batches. Global managers will now be looking for relaxation of the MRF and QDLP channels. Please note that full versions of our […]
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China Alert – Neuberger Berman, Fidelity and (maybe) many others

  • Fidelity, Market Opening, Neuberger Berman, Regulatory, Strategies
Neuberger Berman, Fidelity and (maybe) many others The who doesn’t matter; the focus needs to be on the “how”. Regulatory shifts now permit multi-option and layered entry approaches. It’s China’s market you’re entering – can you accept playing by house rules? Please note that full versions of our China Alerts are for clients only, if […]
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China Alert – China bonds – slow and steady

  • Bonds, Fitch, Fixed Income
China bonds: slow and steady Extended bond trading hours are just the latest enhancement to onshore market access for global investors. Foreign holdings now account for 2.4% of domestic bonds. Approvals for global service providers may unlock a wider swathe of the market for intranational buyers. Please note that full versions of our China Alerts […]
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China Alert – The teams that led 2020 fundraising

  • Active equity, AEGON-Industrial, BMO, China Universal, ChinaAMC, DWS, Fullgoal, Fundraising, Harvest, onshore, Portfolio manager, PowerCorp, UBI Banca, Zhong Ou
The teams that led 2020 fundraising A reversal of fortunes has emerged among the leading active equity houses onshore. Slow reactivity to shifting demand is placing some legacies in retrograde. Central to this are tenured PMs who can lead the fundraising charge (or lack thereof). Please note that full versions of our China Alerts are […]
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China Dashboard – September 2020

  • AUM, BWMPs, ETF Connect, ETFs, FMCs, Institutions, IPOs, JVs, offshore, private funds, WFOE
This Dashboard will examine key developments onshore from the month of August, including: First wholly-owned foreign FMC approved Fund distribution rules finalized Hong Kong-Shenzhen ETF master-feeder scheme Auction price of China International Distribution details from Ant Group’s IPO prospectus Aside from these key takeaways, we will also provide a quick analytical update on all sectors […]
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China Mutual Fund Series: Quarterly Assessment – 2Q20

  • AUM, Bond funds, FMCs, Fundraising, MMFs, Mutual Funds, Orient, regulations
It has already been one of the most dynamic years for asset growth in recent memory. The year is shifting the competitive balance, as it is already clear that some managers are faring far better than others. Front of mind is how firms will endeavor to tap into highly concentrated demand while also positioning for […]
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Strategic Outlook: Active demand

  • Active equity, Active funds, AUM, CSI 300, onshore
Onshore investor needs The numbers speak for themselves: equity fundraising of USD148bn year to date. Active demand is an indispensable driver of mutual fund AUM growth. This comes at a cost to flexibility, though, and one that has to be accounted for as global managers are forming strategies to enter the market. This Strategic Outlook […]
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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 […]
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