China Alert – Another fund manager stake changes hands

  • Fund Manager
Another fund manager stake changes hands A top-ten domestic manager has recently undergone a minority shareholding change. The final valuation came in below other top-tier transactions. This new data point will be increasingly useful as market opening progresses. Please note that full versions of our China Alerts are for clients only, if you would like […]
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China Alert – Mutual recognition outpaces legacy outbound programs

  • Fixed Income, mutual, outbound
Mutual recognition outpaces legacy outbound programs Latest figures reveal that mutual recognition flows now exceed all other outbound programs. Fixed income products continue to be preferred by investors. However, fewer new lodgings and approvals are seen than in previous years. Please note that full versions of our China Alerts are for clients only, if you […]
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Strategic Outlook: Pensions

Striking a new balance It’s that time of year again when pensions are again at the front of our minds. The outlook for China’s first and second pillars is sober, and the commercial pension supplement remains a work in progress. Still, change – and opportunity – is on the horizon. This Strategic Outlook offers our […]
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China Alert – Equity takes center stage in 3Q19

  • AUM, equity, mutual fund
Equity takes center stage in 3Q19 Onshore mutual fund AUM reached USD1.9tr in the third quarter of 2019. Demand for equity products has opened the door for smaller managers to find flows. With regulatory backing and pensions looming, there’s room for still more growth. Please note that full versions of our China Alerts are for […]
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China Alert – Fund managers first in advisory line

  • Fund Manager, inflows, onshore
Fund managers first in advisory line The latest onshore pilot program officially opens the door for portfolio advisory. Its design puts the emphasis on quality of inflows rather than fundraising volume. A few global managers may already be gearing up to get involved. Please note that full versions of our China Alerts are for clients […]
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China Alert – Mutual fund registrations overhauled

  • Fixed Income, Mutual Fund Companies, mutual fund sector, Mutual Funds
Mutual fund registrations overhauled           Window guidance from CSRC has signaled equity product registration will be fast-tracked. On the other hand, fewer fixed income products are expected to be permitted and those that do will face tighter fundraising restrictions. While competitive dynamics may be tested in the long term, an immediate concern […]
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China Dashboard – October 2019

  • Bank wealth management, QFII, regulator, RQFII, WFOE
This Dashboard will examine key developments onshore from the month of September, including: Full foreign ownership dates set Regulator removes R/QFII quotas Securities regulator’s 12 capital market priorities Timeline confirmed for SOE asset-transfers Rules drafted for bank wealth management net capital Aside from these key takeaways, we will also provide a quick analytical update on […]
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China Alert – Bank wealth products, ten months on

  • Bank wealth management, regulatory updates
Bank wealth products, ten months on  Tighter regulations are changing the nature of bank wealth management. More bank wealth subsidiaries will begin operating in the coming months. Product diversity remains a challenge, despite growth ambitions. Please note that full versions of our China Alerts are for clients only, if you would like more information about […]
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China Alert – Private fund fast-track

  • global managers, Private fund, strategy
Private fund fast-track Among global managers in China, standouts can be found in perhaps unlikely places. Consistent asset gathering is a running theme among this group. Longer term, greater localization will be needed as strategies evolve. Please note that full versions of our China Alerts are for clients only, if you would like more information […]
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Strategic Outlook: The Mutual fund license

  • license, mutual fund
The Mutual fund license  Even with 2020 as a clear landing point, practical guidance on obtaining a wholly-owned mainland mutual fund license remains thin. Few definitive answers have been given to questions ranging from what you need, to how long it takes. Such questions would be much simpler to gauge if all managers were starting […]
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