While mutual recognition is being launched tomorrow, consultants have highlighted the panoply of alternatives. These could include an expanded QDLP, a liberalised QDII and the popular WFOE structure.
New rules will allow foreign investors to have controlling stakes in domestic Chinese trust firms, Z-Ben chief says. QFII reforms will include the introduction of daily repatriation and a $5bn quota cap.
Tapping the mainland market is as tough as ever for foreign asset managers, particularly given the current environment, say industry experts.
Asset managers should capitalise on deregulation and the deepening of asset pools to develop advisory businesses via wholly foreign-owned enterprises, says Z-Ben.
Peter Alexander of Z-Ben Advisors explains how wealth management in China is changing and why it will drive asset management in the coming decade.
The institutional market for asset managers in China is poised to reap rewards for diligent service providers, says the Shanghai-based consultancy.