Asset managers are increasingly looking to China and other Asian markets to boost their client base, with more than a third of inflows coming from the region.
China is the most fruitful of these countries. It accounts for 40 per cent of emerging market assets and its share is predicted to grow from $5.3tn to $9tn by 2023, according to Morgan Stanley, the investment bank, and Oliver Wyman, a management consultancy.
Larry Fink, chief executive of BlackRock, the world’s biggest asset manager, wrote to shareholders last week and reiterated that China was central to the group’s growth plans.
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