(China Alert) To compete requires perspective

  • WFOE
-One of the biggest names in the business has established an IM WFOE -This approval needs to be viewed as part of a grander mosaic Update: Life is what happens when you’re busy making plans. This is an appropriate sentiment when thinking over the current competitive landscape of global managers targeting China. Pretty much every […]
Read More

(China Alert) They say: jump, you say: how high?

  • Private Fund Managers, WFOE
-Chinese regulators have released a number of new rules for private fund managers, effective now -Prospective AMAC-registered WFOEs should follow this new rulebook closely Update: Now that investment management WFOEs can register to run private funds and the first private fund manager (PFM) has been granted a mutual fund company license, the next question is […]
Read More

(China Alert) Your own China business: how will you react?

  • HNWI, WFOE
-CSRC has approved the first foreign majority-owned FMC -Chinese mutual funds are only one industry in which this change is occurring -Full foreign ownership will not be restricted to Hong Kong firms Update: Hang Seng’s majority-owned Chinese fund management company was approved last week. Z-Ben Advisors believes this is just the tip of the spear […]
Read More

(China Alert) Bridgewater (quietly) defies the China critics

  • Bridgewater, WFOE
-The world’s largest hedge fund manager becomes the third investment management WFOE in China -The Shanghai-based platform was capitalized at nearly USD8m, well above the more typical level of capital -The expectation is for Bridgewater to move quickly and take full advantage of fixed income market reforms Update: With absolutely no fanfare, the world’s largest […]
Read More

(China Alert) Regulatory reform to impact WFOEs

  • AMAC, WFOE
·New AMAC regulations place restrictions on business scope ·The majority of foreign firms now cannot manage retail capital ·Reforms are building a framework for a more mature fund industry Update: The positional value of the investment management (IM) WFOE has been reinforced by recent regulatory adjustments by the Asset Management Association of China (AMAC). New […]
Read More

(China Alert) China WFOE: Three is the magic number

  • WFOE
·Global managers need a WFOE to run mainland money ·Three WFOE structures currently exist ·Firms are using all three structures to pursue their China strategy Update: As an indication of its China intent, Schroders has submitted a WFOE name registration to the Shanghai Commercial Bureau for approval. This follows recent, similar moves by Fidelity, BlackRock, […]
Read More

(China Alert) Fidelity expands in China: The new normal

  • WFOE
·Fidelity has applied for a new WFOE ·The directionality of China access and onshore business is clear ·WFOE strategy is becoming ever more critical Update: Last Thursday, Fidelity announced that it has been approved to establish a WFOE on the Mainland (widely expected and discussed to be an investment management WFOE). This would be the […]
Read More

(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 […]
Read More

(China Alert) Global Managers: Gaining real control

  • Stock Connect, WFOE
·Hang Seng will take a 70% stake in a domestic JV FMC ·Aberdeen announces unique WFOE ahead of UK talks ·Regulators are permitting foreign firms to claim more territory Update: The route to ownership for a company able to manage and market investment products in China is becoming shorter and straighter. This transformation is occurring at […]
Read More
China Alert

China Alert

  • Distribution, FTZ, Insurers, Mutual Fund Companies, Mutual Recognition, Pension Sector, Private Fund Managers, QDII, QDLP, QFII, RQFII, Stock Connect, SWFs, Trusts, WFOE
  The periodic China Alert responds rapidly to China’s almost daily shifts in regulation, demand, access, competition and opportunity which impact global managers’ China business. These actionable bulletins keep our clients up-to-date, allowing them to adjust tactics accordingly to capture maximum China upside. Please contact [email protected] for more information.
Read More
Login
Follow us