View this page in: 简体中文版 Aug 2011
Foreign fund management companies operating in China continue to be hindered by ongoing challenges. Regulatory constraints and limited distribution channels are restricting their ability to grow their market share and assets under management (AUM). Increased competition from domestic companies is also adding another layer of challenge for the foreign managers. These findings were revealed in the third PwC Foreign Fund Management Companies in China survey report.
Topmost on the minds of most foreign fund managers is to grow their AUM, which have remained unchanged over the last two years. Compared to the domestic companies' market share of 53% with RMB 1,321 billion of AUM in 2010, the foreign players command a respectable 47% (from 45% in 2008) with RMB 1,176 billion. Going forward, however, the respondents expect to see a 60% growth in AUM by 2014.