As China opens markets, foreign securities, asset management firms seek rewards

Lan Wang of the Banking team and Lillian Li of the Credit Strategy & Research team discuss why China’s move to open up its domestic financial markets to foreign securities firms potentially benefits all parties, despite operational hurdles. Plus, Marina Cremonese of the Asset Management team joins Lan to talk about the future for asset managers seeking to grow their businesses in China. 

Inside this episode:

• Lan Wang of the Banking team and Lillian Li of the Credit Strategy & Research team discuss why China’s move to open up its domestic financial markets to foreign securities firms potentially benefits all parties, despite operational hurdles. (begins at 1:48)
• Marina Cremonese of the Asset Management team joins Lan to talk about the future for asset managers seeking to grow their businesses in China. (begins at 9:54)

Related content:

• Securities & Exchanges – China: Market opening to foreign companies is good news, but constraints remain - Removal of foreign ownership limit is a significant move for industry liberalization and will create new opportunities for foreign firms, but there remains substantial hurdles for entrants.
• Credit Conditions – Global: COVID-19 will quicken shift to tripolar economy, with widespread negative  - The continued move toward a tripolar economy with the US, China and the EU as its pillars will have credit ramifications for a broad range of industries and countries.
• Asset Management – Cross Region: Foreign asset managers will need to play long game to succeed in China - Foreign asset managers entering the Chinese market will need to invest significantly and accept that it will take time to achieve profitable growth.