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Article: The asset management industry in China: Its past performance and future prospects

TitleThe asset management industry in China: Its past performance and future prospects
Authors
Issue Date2015
PublisherInstitutional Investor, Journals. The Journal's web site is located at http://www.iijournals.com/JPM/
Citation
Journal of Portfolio Management, 2015, v. 41 n. 5, p. 9-30 How to Cite?
AbstractAfter 20 years of rapid growth, the asset management industry in China has reached total assets under management of $2.8 trillion—and more than $6.12 trillion when trust and bank wealth-management products are included. In its early development years, the industry experienced much growing pain. With the joint efforts of regulators and market participants over the past 20 years, China’s asset management industry has substantially improved. In this article, the authors review the industry’s historical development, composition, competition among various sub-industries, and key players, as well as its institutional and regulatory environment. It would be difficult to understand the past, present, or future of this industry without knowing the political economy as well as the ideological background of China’s economy in general and its capital market in particular. The authors review the background of the political economy to aid readers in understanding the mindset and perspectives of regulators, policymakers, and key players in this space. The authors also discuss future opportunities in the asset management industry, as the massive household wealth created during China’s 30 years of fast economic growth continues to look for reliable vehicles for investment. Outbound investment from China is a growing trend.
Persistent Identifierhttp://hdl.handle.net/10722/264714
ISSN
2019 Impact Factor: 0.709
2015 SCImago Journal Rankings: 0.446

 

DC FieldValueLanguage
dc.contributor.authorChen, Z-
dc.contributor.authorXiong, P-
dc.contributor.authorHuang, Z-
dc.date.accessioned2018-10-24T06:16:40Z-
dc.date.available2018-10-24T06:16:40Z-
dc.date.issued2015-
dc.identifier.citationJournal of Portfolio Management, 2015, v. 41 n. 5, p. 9-30-
dc.identifier.issn0095-4918-
dc.identifier.urihttp://hdl.handle.net/10722/264714-
dc.description.abstractAfter 20 years of rapid growth, the asset management industry in China has reached total assets under management of $2.8 trillion—and more than $6.12 trillion when trust and bank wealth-management products are included. In its early development years, the industry experienced much growing pain. With the joint efforts of regulators and market participants over the past 20 years, China’s asset management industry has substantially improved. In this article, the authors review the industry’s historical development, composition, competition among various sub-industries, and key players, as well as its institutional and regulatory environment. It would be difficult to understand the past, present, or future of this industry without knowing the political economy as well as the ideological background of China’s economy in general and its capital market in particular. The authors review the background of the political economy to aid readers in understanding the mindset and perspectives of regulators, policymakers, and key players in this space. The authors also discuss future opportunities in the asset management industry, as the massive household wealth created during China’s 30 years of fast economic growth continues to look for reliable vehicles for investment. Outbound investment from China is a growing trend.-
dc.languageeng-
dc.publisherInstitutional Investor, Journals. The Journal's web site is located at http://www.iijournals.com/JPM/-
dc.relation.ispartofJournal of Portfolio Management-
dc.titleThe asset management industry in China: Its past performance and future prospects-
dc.typeArticle-
dc.identifier.emailChen, Z: zchen99@hku.hk-
dc.identifier.authorityChen, Z=rp02041-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.3905/jpm.2015.41.5.009-
dc.identifier.scopuseid_2-s2.0-84976315236-
dc.identifier.hkuros294701-
dc.identifier.volume41-
dc.identifier.issue5-
dc.identifier.spage9-
dc.identifier.epage30-
dc.publisher.placeUnited States-
dc.identifier.issnl0095-4918-

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