The country's pension funds are lagging behind their Asian peers for sustainable returns, leading to calls for Beijing to let them invest in more alternative assets.
The city's booming asset management industry is boosted by rising interest from family offices, the Wealth Connect scheme and a growing retail investor base.
Thematic cryptocurrency and sustainable ETFs have drawn interest particularly in Asia, which was also the only region to register net inflows for Gold ETFs.
The most common strategy was ESG integration, with $24.6 trillion of AUM deployed, although negative screening and shareholder action were also popular.
Seven managers share how they are using ESG investment exposure and team hiring plans with AsianInvestor for better gain business from asset owners globally.
Investor focus is mounting after the creation of a JV between Warburg Pincus and Wensheng Asset Management. But investors need to weigh ESG factors, argue other managers.