China Alert – Filling in bank wealth regulation gaps

  • BWMPs, Distribution, Mutual Funds, regulations
Filling in bank wealth regulation gaps New bank wealth management rules put the point of sale in the crosshairs. Key differences should be taken as a good sign for mutual fund managers. While still not finalized, it gives insight into perceived growth drivers. Please note that full versions of our China Alerts are for clients […]
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China Alert – Opportunities in onshore credit

  • Defaults, Huatai, Jiangxin, Mutual Funds, Nikko, onshore, PICC, Redemption, Rongtong
Opportunities in onshore credit Several large corporate defaults have spooked onshore credit markets. The impact has been felt by bond fund investors through NAV write-downs. Incoming global managers’ fixed income risk management capabilities are well-suited to fill gaps that remains in the onshore space. Please note that full versions of our China Alerts are for […]
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China Mutual Fund Series: Quarterly Assessment – 3Q20

  • AUM, Distribution, FMCs, Fundraising, MMFs, Mutual Funds, Products, regulations
The action-packed year continues. Fund managers have scrambled to meet investor demand, pressing product manufacturing logistics into high gear. Flows have been massive. Key to locking in higher profitability will be sustaining AUM over the coming quarters. This edition of our China Mutual Fund Quarterly examines how changing factors are influencing manager and distributor competition. […]
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China Alert – Bond funds stressed

  • Bond funds, Mutual Funds, Redemption, Regulators
Bond funds stressed The results of PBoC’s annual test of fund managers’ ability to withstand mass redemptions have been published. Certain fixed-income products have been cleaned up, but risks remain. The challenge remains plumbing the depths for yield amid a banner year for investor demand. Please note that full versions of our China Alerts are […]
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China Alert – AUM leaderboard changes

  • Active equity, AEGON-Industrial, AUM, China Merchants, China Universal, Flows, FMCs, Fullgoal, Hongde, Invesco Great Wall, Mutual Funds, Penghua, Rankings, Zhong Ou
AUM leaderboard changes Onshore mutual fund industry ended 3Q20 with record AUM of USD2.6tr. Active equity was again the key driver of upward moves in the competitive rankings. Several managers have proved that it is not just new funds that are attracting flows. Please note that full versions of our China Alerts are for clients […]
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China Mutual Fund Series: Quarterly Assessment – 2Q20

  • AUM, Bond funds, FMCs, Fundraising, MMFs, Mutual Funds, Orient, regulations
It has already been one of the most dynamic years for asset growth in recent memory. The year is shifting the competitive balance, as it is already clear that some managers are faring far better than others. Front of mind is how firms will endeavor to tap into highly concentrated demand while also positioning for […]
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China Dashboard – August 2020

  • AUM, BWMPs, CIBM, Commercial pensions, FMCs, IPOs, Mutual Funds, outbound, pension, QDII, regulations, Stock Connect, WFOE
This Dashboard will examine key developments onshore from the month of July, including: Fund company management regulations revised Asset Management Guidance deadline extended Guidance on insurance equity asset allocation Proposed bond market cross-trading Fund custody amendment completed Aside from these key takeaways, we will also provide a quick analytical update on all sectors of the […]
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China Alert – Flexibility versus uncertainty

  • BlackRock, BoC, BWMPs, CCB, CSRC, FMCs, Mutual Funds, regulations
Flexibility versus uncertainty There are new revisions to the fund management company regulation – released late Friday, of course. They tackle a host of licensing and business structure issues. Fund managers have been handed the operational tools to plan new growth avenues. Please note that full versions of our China Alerts are for clients only, […]
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China Alert – The big reallocation in detail

  • Active equity, AEGON-Industrial, AUM, China Universal, Distribution, E Fund, MMFs, Mutual Funds, UBI Banca, Zhong Ou
The big reallocation in detail The verdict is in: investors are moving from MMFs to active equity. Not going away is the nagging issue of hyperactive fund churn. This is being intensified by business models at the heart of online distribution platforms. Please note that full versions of our China Alerts are for clients only, […]
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China Dashboard – July 2020

  • Annuity, Asset allocationz, AUM, FMCs, Fundraising, Mutual Funds, onshore, pension, QDII, Trusts, WFOE
This Dashboard will examine key developments onshore from the month of June, including: Tapered monetary easing signaled ChiNext reforms implemented Wealth management pilot announced Derivative trading revised for insurers Universal banking under discussion 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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