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 […]
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China Alert – Hardening the bank wealth management mold

  • Fund Manager
Hardening the bank wealth management mold  Capital provision requirements for bank wealth management subsidiaries have been set. These new measures will shape product and growth strategies. Fund managers should recognize that any cooperation opportunities may be challenged in the longer term. Please note that full versions of our China Alerts are for clients only, if […]
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China Alert – Added relevance for insurance asset management

  • Fund Manager
Added relevance for insurance asset management   Insurance asset managers are set to enjoy a broadened business scope. Capabilities will need to be expanded to fully compete with other platforms. New ownership rules should also add to the interest from global firms. Please note that full versions of our China Alerts are for clients only, […]
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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 – 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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The Competition

The Competition

  • competition, Fund Manager, Mutual Fund Companies, pension, Pension Sector, Private Fund Managers
This weekly publication scrutinizes global managers’ China business, informing peers about competitive moves both onshore and in cross-border operations to inspire strategic decision-making. With so much changing with respect to access, The Competition provides food for thought for any manager – with our without a China business. Offered to select clients, this publication is presented […]
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(China Alert) WFOE structure: the need to look forward

  • Asset Management Platform, Fund Manager, JV, WFOE
·UBP has restructured its JV asset management platform ·This is a stark contrast to Aberdeen’s innovative WFOE ·Ownership structure will dictate future direction and opportunities Update: In the same month that Aberdeen AM has announced its innovative WFOE, Union Bancaire Privée (UBP) has altered the ownership structure of its existing JV management platform. This presents […]
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