The Asean and ARFP schemes will be complimentary, but the commercial viability of passporting will revolve around China, an AsianInvestor roundtable hears.
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The initiative between Korea, Singapore, Australia and New Zealand actually offers the best long-term hope for a regional platform to rival Ucits, an AsianInvestor roundtable hears.
Joint-venture players underestimated the difficulty of operating in China, says PwC, with most now anticipating no market share growth in the face of more competition from domestic firms.
