China Alert – The expanding China universe

  • Bridgewater, Derivatives, FII program, Market Opening, Neuberger Berman, UBS, Winton
The expanding China universe Progress continues in opening China’s capital markets. Expanded trading opportunities will precede more access points. Events this week will also shed light on policy priorities. 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: […]
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Strategic Outlook: Outbound – August 2022

  • Asset allocation, ETFs, FMCs, outbound
Outbound Clock in, flow out Take a pause from the usually torrential flow of information associated with building a China business – which regulator, what requirements, which paperwork etc. This month we highlight an oft-overlooked aspect of investment flows. The outbound business has always seemed attractive, if not always practical. Developments over the last few […]
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China Mutual Fund Series: Quarterly Assessment – 2Q22

  • Distribution, Flows, FMC segregated accounts, FMC subsidiaries, FMCs, Fundraising, JVs, Market share, Mutual Funds, Products, Regulation
It has not been an easy summer for the mutual fund industry. Fundraising for high-fee products collapsed in 2Q22, forcing managers to change course on product development. Some did so adeptly; most did not. Signs of a recovery have been few and far between in 3Q22, suggesting the situation may persist through this year. Not […]
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China Alert – Finding a bank wealth fit

  • BWMPs, FMCs, Industrial Bank Wealth Management, JVs
Finding a bank wealth fit Bank wealth capital needs are being met with sizable retained earnings. This may alter the dynamic for foreign involvement in the industry. Global firms will need to reassess the merits and timing of potential partnerships. Please note that full versions of our China Alert are for clients only, if you […]
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China Alert – Manulife takeover advances

  • FMCs, Foreign shareholders, Franklin Templeton Sealand, HSBC, JP Morgan, JVs, Manulife Teda, Morgan Stanley
Manulife takeover advances Manulife looks to be the confirmed buyer in its JV auction. The head start will require an intensive personnel rework. Pressure for deal progress may reach other local teams. Please note that full versions of our China Alert are for clients only, if you would like more information about a subscription please […]
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China Alert – Pension reserves Status quo

  • 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 […]
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China Dashboard – August 2022

  • Banks, Brokerage, cross border, FMCs, Institutions, Markets, PFMs, Regulators, Trusts
This Dashboard will examine key developments onshore from the month of July, including: CPC frames near-term macro policy Second quarter fund flows Bank wealth JV fundraising results Price environment Pension deposit pilot underway Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the Chinese financial services industry. […]
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China Alert – Buying into China’s fund market

  • AUM, Foreign shareholders, GJA, JP Morgan, Valuation
Buying into China’s fund market Strong industry growth has fueled a long list of shareholding transactions. Valuations for scaled operations remain high. This may sway those in existing ventures towards a greenfield approach. Please note that full versions of our China Alert are for clients only, if you would like more information about a subscription […]
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Strategic Outlook: Inbound – July 2022

  • Bonds, equity, Greater China, Inbound, Licenses, onshore, Products, Stock Connect
China inbound A world of its own The inbound business may have been overshadowed by onshore developments in recent months, but it remains a key pillar of China strategies. Volatility in equity and fixed-income markets have sparked debates over the ideal level of onshore exposure; but levels are just part of the matter. This Strategic […]
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China Dashboard – July 2022

  • Banks, Brokerage, cross border, FMCs, Institutions, Markets, PFMs, Regulators, Trusts
This Dashboard will examine key developments onshore from the month of June, including: Commercial pension eligibility set ETF Connect program launch New QDII quota installment Stock Connect nets inflows Provincial government financing Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the Chinese financial services industry. Please […]
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