Webinar Invitation
The Opening up of the China Asset Management Market
We are currently living in uncertain times, however out of uncertainty often opportunity arises. The Chinese asset management industry is one such opportunity: non-channel AuM is estimated to have expanded by 10% during 2019, now worth USD 7.3 trillion.
Although the industry is still in its infancy, it is already operating on an impressive scale. In recent years, the Chinese asset management industry has grown faster than the global market and holds considerable potential for international players. According to Deloitte and EY, China is estimated to have USD 30+ trillion in addressable retail financial wealth to be managed by 2023, and in this market investible assets are growing by 13% per year, with more than half of the industry’s net new wealth predicted to come from China in the next decade.
This makes China the world’s single biggest asset management growth opportunity over the next decade.
Join Llinks to learn more about how to seize this opportunity
On 1st April 2020, China granted global asset managers the opportunity to apply for a mutual fund management licence through a fully owned subsidiary in China.
Llinks, as the leading law firm in the asset management sector, has advised a large number of these types of applications and has recently worked with global well-known financial firms. With extensive first-hand experience and expertise, Llinks is well positioned to advise on these matters.
This webinar series will focus on the following topics:
- An understanding of the latest regulations applicable to the asset management sector, with a focus on retail funds.
- Review of the regulatory requirements necessary for an asset management licence and a discussion of practical approaches on how to apply for such licences.
- Learn how to establish a relationship with local partners such as custodian banks, fund administrators, fund distributors and IT vendors.
- Guidance on financial product marketing activities in China.
Who should attend the webinar series?
We warmly welcome all interested parties to attend this webinar session. The webinars are most relevant to international asset managers and asset management firms pursuing an entry and/or expansion in China’s retail fund market or reassessing its China strategy.
Webinar Series Overview
Session 2: How to structure your retail fund business in China?
9:30 London time/ 16:30 Beijing time, 22 July 2020
As a trusted advisor of international asset managers, Llinks’ preeminent expertise and leading market position are built on our excellent commercial awareness. Legal and regulatory advice is provided with an aim to best assist asset managers to navigate the China market in the most constructive and practical way possible.
In this webinar, we will elaborate on the following top challenges facing Asset Management firms when they structure their fund business in China:
• Reconciling national and regional requirements
• Localising a global advantage
• Differentiation
• Pricing strategy
• Winning the talent war
• Changing regulatory landscape
We will also address pressing issues such as how to establish relationships with local partners such as custodian banks, fund administrators, fund distributors and IT vendors; as well as exploring how to market financial services and products in China.