Despite media reports that two Chinese fund firms are close to setting up in London, industry insiders say high costs and a complicated approval process are big hurdles.
Haitong International is mulling the possibility of sub-advising on RQFII ETFs in Singapore as its seeks further licences to support its buildout in the city-state.
And Chinese fund houses are eyeing opening branches in the Lion City, with some citing a more favourable regulatory environment than Hong Kong's in terms of product approval.
The Hong Kong arm of China's second largest securities firm is seeking to build a brokerage in the city after receiving an operations licence. It is targeting full-scale expansion over time.
To round out its fixed-income suite, Haitong International Asset Management is readying to sell a new quarterly dividend fund to professional investors through private placement.
The Hong Kong subsidiary is also in fundraising talks with private equity investors in further proof that Chinese AMCs are using the offshore channel to tap alternatives.