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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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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China Dashboard – September 2019

  • AMAC, mutual fund, PFM
This Dashboard will examine key developments onshore from the month of August, including: AMAC statement encourages PFMs to convert to mutual fund companies Foreign banks granted more underwriting scope Regulator recalibrates loan prime rate More WFOEs acquire sub-advisory qualification Court reinforces distributor responsibilities Aside from these key takeaways, we will also provide a quick analytical […]
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China Alert – The WFOE conversion calculation

  • China joint venture, mutual fund, WFOE
The WFOE conversion calculation  Several WFOEs have their eyes firmly on a mutual fund license. Existing joint ventures complicate the matter for some. Early preparations are in place but work still needs to be done to ensure a successful transition. Please note that full versions of our China Alerts are for clients only, if you […]
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China Alert – New options, old priorities

  • mutual fund, Onshore business
New options, old priorities    The latest market opening timetable is raising questions around onshore business classifications. The entire investment management landscape is now accessible, beyond just mutual funds. For most global firms, China business priorities should remain unchanged. Please note that full versions of our China Alerts are for clients only, if you would […]
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Strategic Outlook: Investor profiles

  • investors, mutual fund, retail
Investor profiles Know your Chinese retail client We sit on the eve of global fund managers’ unrestricted involvement in the Chinese mutual fund space. If success is to be found, a complete understanding of retail demand will be indispensable.. In this Strategic Outlook, we profile the typical onshore investor to examine what drives that demand. […]
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China Dashboard – July 2019

  • AUM, CSRC, foreign firms, IM WFOEs, mutual fund, Onshore business
This Dashboard will examine key developments onshore from the month of June, including: The new timeline for 100% foreign ownership Lujiazui Forum provides clarifications for foreign firms Mutual recognition rebound continues CSRC expands scope of mutual fund stock lending Mutual fund AUM declines Aside from these key takeaways, we will also provide a quick analytical […]
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(China Alert) Mutual funds: Winners and the rest

  • mutual fund
– A number of joint ventures were able to partake in the year’s competitive themes -Institutional capital was a key driver of market share change Update: When looking back at 2016’s mutual fund market growth, several competitive themes can be identified. Each theme had an impact on firm-level growth and market share. The top-three managers on […]
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(China Alert) Public mutual funds: Resilience through headwinds

  • mutual fund
-Public mutual fund AUM, excluding QDII products, grew 8% in 2016 -Bond funds were the biggest winner of both the fourth quarter and the year Update: As most other investment management markets were shaky to say the least this year, China’s mutual fund industry has grown 8% to RMB9tr (USD1.3tr) in 2016 (and we have […]
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(China Alert) Q3 public mutual funds: Jack be nimble, Jack be quick

  • mutual fund
-The mutual fund industry continued to grow in 3Q16 -Institutional capital flowed into purpose-built fixed income products Update: Growing 10.7% over the quarter to RMB8.75tr (USD1.3tr), China’s public mutual fund industry shows no sign of slowing down this year. This is even in light of recent regulatory restrictions on certain product types. Some managers are […]
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