China fund industry Archives

China Alert – Tianhong is up for sale (indirectly)

China fund industry, Fund Manager

Tianhong is up for sale (indirectly) A minority shareholder in China’s largest fund manager is on the auction block. Potential bidders have until the end of February to register their interest. Compared with recent transactions in the fund industry, the implied valuation of Tianhong comes in at the upper end. Please note that full versions […]

asset management industry, AUM, China fund industry, Fixed Income, WFOE

Industry AUM rebounded in the third quarter, and we expect assets to hit RMB14tr by the end of the year. Fixed income products continued to dominate fundraising, but they may not much longer. Fund managers are particularly increasing efforts to differentiate themselves in a passive equity space that is just beginning to find some retail […]

China fund industry, fund flows, global managers

The David vs. Goliath of China’s fund industry Of the 47 fund management companies debuting products since 2013, 11 have non-corporate backers. Without a sprawling conglomerate to lean on, each of these has had to experiment with new sources of growth. Despite the challenges, a select few successes leave behind key implications for global managers. […]

china fund, China fund industry, fund managers

Cost of entry to China’s fund industry The possibility of acquisition and consolidation in the fund management industry is rising. Few acquisition targets are to be found among the large, established fund managers. However, transactions on the lower end are increasing, giving us the approximate cost of a smaller company. Please note that full versions […]

China Alert – Tianhong is up for sale (indirectly)

China Mutual Fund Series: Quarterly Assessment – 3Q19

China Alert – The David vs. Goliath of China’s fund industry

China Alert – Cost of entry to China’s fund industry