Chinese asset managers visit

By Carla Hoorweg

On 16 November the FSC, in partnership with Austrade, hosted a delegation of Chinese asset managers visiting Australia to learn more about our financial services industry and future opportunities for Chinese funds management companies. 

This was the second delegation to visit Australia from Chinese asset managers in November. 

The delegation provided a unique opportunity for members to engage with key players driving China’s asset management sector. The visit culminated in a roundtable discussion on the opportunities and challenges faced by asset managers and institutional investors located in both the Australian and Chinese markets.    

China’s financial services industry is relatively young, having only emerged in the 1990’s, yet has grown rapidly thanks to market liberalisation which has opened the doors to new fund management companies affiliated with banks, securities firms, trust and insurance companies. According to the latest figures there are 104 mutual fund management companies (44 foreign joint ventures and 60 domestic Chinese companies), who collectively manage total assets worth 8.28 trillion (RMB). 

In addition to mutual fund management companies, private fund management companies have recently emerged in response to increasing consumer demand for wealth management options thanks to the growth of China’s middle class.  

Australia plays a critical role in providing asset management investment opportunities and fund management solutions globally, and the FSC is pleased to be able to support such delegations into the future. 

Companies represented as part of the delegation included:

• China Asset Management Co Ltd
• China Aviation Trust
• China Jian Yin Investment  (JYC)
• China Shenzhen Kunpeng Capital
• China Resources Capital
• China VC & PE Association
• China Zhejiang Financial Holdings