China AMC ranked top in 2015 by outright profit, and Aegon-Industrial Fund by profit yield, but industry profitability is set to fall amid stricter rules and market volatility, according to new research.
The offshore arm of ICBC Credit Suisse Asset Management has gone for a new China equity benchmark that is more diversified than most, as it seeks to build its international client base.
The firm is to open its international arm next week with a staff of four and is on a recruitment drive to build a base in the city. It comes after ICBC increased its shareholding in the JV late last year.
China's original QDII advocate is on the move. Hubert Tse is now with Boss & Young, a top-ranking law firm based in Shanghai.