Far-reaching reforms of China’s financial system offer global asset managers the tantalising prospect of access to a vast investment market with lucrative profit streams.
China is on course to be the world’s second-largest fund market behind the US, providing the biggest growth opportunity for global asset managers over the next decade.
State regulators said last week that a unified framework, regulating all asset management products, would be implemented by the end of 2020. This confirmed the timing of plans announced in November.
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