Groundbreaking negotiations between Chinese regulators and the Hong Kong authorities are set to transform the way international fund groups access Chinese investors. Commentators are calling it a “game changer”.
Until now, the only way foreign fund managers could access local Chinese investors has been to team up with a local partner, resulting in a spike in the number of joint ventures created over the past decade.
Since 2008, joint ventures in China have grown their market share of Chinese assets under management from 40 to 60 per cent at the expense of the once-dominant local fund providers, figures from Cerulli Associates, the research firm, show.
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