Having acquired joint-venture investment firm Ashmore-CCSC, China's Taiping faces a tough task building scale in the fiercely competitive mainland mutual fund business.
Mainland insurers' returns fell in the first half, even as their assets grew, with alternatives now accounting for a third of AUM. Foreign asset managers may need to adapt their approach accordingly.
Proposed capital rules for the $1.5 trillion fund subsidiaries segment are tougher than expected, as Beijing further turns the screw on the domestic investment and shadow-banking sectors.
Eastmoney, the owner of China’s biggest online fund sales platform, is awaiting regulatory approval to set up a mutual fund house, which would make it the first such company to do so.
As global fund managers look to set up wholly foreign-owned enterprises on the mainland, analysts have highlighted the key considerations, including operational costs and challenges.
China's wild market ride could benefit foreign managers using mutual recognition as domestic retail investors look for global allocation, according to a market-watcher.