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 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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China Mutual Fund Series: Quarterly Assessment – 1Q22

  • AUM, Distribution, ETFs, Flows, FMCs, Fundraising, JVs, Market share, Mutual Funds, pension, Products, Regulation, regulations
Markets drew a challenging start to 2022. An optimistic January quickly gave way to meager demand for both equity and fixed income products. New fundraising hit a three-year low. Many product development plans were aborted, but some managers were able to pivot to maintain some semblance of momentum. As firms contend with their respective hurdles, […]
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China Dashboard – May 2022

  • AUM, Banks, Brokerage, CCB Pension, cross border, ETFs, Fixed Income, FMCs, Greater China, Institutions, Liquidity, Markets, pension, PFMs, QDII, Regulators, Tax-deferred pension, Trusts, Wealth Management Connect
This Dashboard will examine key developments onshore from the month of April, including: Upgrades to tax-deferred pensions First quarter fund flows CSRC fund industry roadmap PCAOB concessions Reserve ratio adjustment Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the Chinese financial services industry. Please note that […]
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China Alert – 1Q22 flow recap

  • AEGON-Industrial, AUM, BOCOM Schroders, China Merchants, Mutual Funds, Penghua, Pension funds
Working through the pension agenda Onshore mutual fund AUM fell to USD3.9tr in 1Q22. Active equity outflows were not as severe as expected. Pressure could mount pending the course of market recovery. 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 – Bringing NYC to Shanghai

  • AUM, BlackRock, China Universal, CSI, ETFs, MSCI, onshore, Southern
Working through the pension agenda BlackRock is bringing its bread-and-butter ETF trade onshore. Managers in the approval pipeline are also looking to play on global strengths. This launch will be a real-time case study. Please note that full versions of our China Alert are for clients only, if you would like more information about a […]
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China Mutual Fund Series: Quarterly Assessment – 4Q21

  • 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 […]
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China Dashboard – February 2022

  • AUM, BlackRock, Brokerage, BWMPs, FMCs, IM WFOE, Inbound, Insurers, MMFs, PMs, Regulators, WFOE
This Dashboard will examine key developments onshore from the month of January, including: MMF liquidity management PBoC rate adjustments Insurance solvency revisions Digital economy extension of 14th five-year plan ETF asset growth 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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China Dashboard – January 2022

  • AUM, Bond Connect, Commercial pensions, EA, ETFs, FMCs, PMs, QDII, WFOE
This Dashboard will examine key developments onshore from the month of December, including: Mutual funds set fast growth pace Commercial pension reforms Insurance AM shareholding Updated Connect schemes Central bankers convene on economy 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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