Senior executives at China's asset owners will likely rotate their jobs this year, something that may not be good news for fund managers seeking their mandates.
We have identified the five most crucial challenges facing the asset management industry. Today we outline number two.
Eager for more foreign exposure, mainland insurers are having to think more strategically about how they invest overseas in light of the freeze on approvals of new QDII quota.
Government employees will now have to contribute to the mainland public pension fund, and a proposed annuities scheme could lead to huge asset growth at insurers.
Almost half the region's insurers aim to have more than 15% of AUM in private-market assets by 2017, up from a quarter that do today. Meanwhile, they are using external managers less for core fixed income.