China Fund Management Industry: Industry Report

China Fund Management Industry

Product Type: Market Research Report
Published by: China Knowledge Press
Published: April 2007
Product Code: R638-54

Description

Compared to developed countries, China’s eight-year-old fund industry, though still small in size, is one of the fastest growing markets in the world. This can be seen from the total NAV of China’s funds, which increased more than 80 times from 1998 to 2006. By the end of 2006, China had 58 fund management companies (FMC) in operation. Among them, 24 were joint ventures. The 58 FMCs manage a total of 297 funds in China with a NAV of US$100 billion.

The staggering increase in the size of the industry and the huge expansion in the number and types of funds offered today are the most obvious and radical changes in the growing fund industry. With such huge potential, it is no surprise that foreign institutions have set their sights on China’s market.

As foreign firms look to tap into the bullish industry, China’s easing of regulations within the industry as part of its WTO commitments is something that is much anticipated. As opposed to the previous 33%, foreign firms may now hold a maximum stake of 49% in a joint ventured FMC. All signs point towards tremendous growth and opportunities within China’s fund management industry.

Aimed at providing important reference value to foreign fund managers and professionals in financial institutions, this market research report compiles comprehensive details of fund management companies across Mainland China, and provides data and statistics on near 300 funds. In addition, the report reveals information on all China concept funds, which are established offshore but invest in Chinese companies.

Table of Contents

Executive Summary: Contents
Chapter 1 Fund Management in China: Past and Present: 1.1 Before 1997: An Unregulated Market; 1.2 1998 to 2002: The Sprucing-Up of the Industry; 1.3 2003: Year of Fund Management; 1.4 2004: Explosive Growth; 1.5 2005: Year of Money Market Funds; 1.6 2006: Year of Equity Funds; 1.7 Comparing China’s Fund Management Industry with the World’s
Chapter 2 Supervision Authorities and Related Organizations: 2.1 China Securities Regulatory Commission (CSRC); 2.2 China Securities Depository and Clearing Corp. Ltd. (CSDCC); 2.3 China Government Securities Depository Trust & Clearing Co. Ltd. (CDC); 2.4 Securities Association of China (SAC); 2.5 Stock Exchanges; 2.6 Legal Framework
Chapter 3 Where to Invest?: 3.1 Mainland China Stock Market; 3.2 Fixed Income and Money Markets; 3.3 Invest overseas through QDII scheme; 3.4 Fund Managers Investment Portfolio
Chapter 4 Investors, Distributors and Custodians: 4.1 Individual Investors and Institutional Investors; 4.2 Distribution Channels of Investment Funds; 4.3 Custodians of the Money
Chapter 5 Fund Management Company: 5.1 A Quick Look at FMCs; 5.2 Foreign FMCs in China; 5.3 Big Players
Chapter 6 Closed-end Funds: 6.1 China’s Closed-end Fund Market; 6.2 The Era of Closed-end Funds Nears its End; 6.3 Trading at a High Discount Rate; 6.4 Conversion of Closed-end Funds; 6.5 Fund Performance in 2006
Chapter 7 Open-end Funds: 7.1 China’s Open-end Fund Market; 7.2 Segmentation by Fund Types; 7.3 New Fund Offerings in 2006; 7.4 Fund Performance in 2006
Tables & Figures:
Chapter 8 Road Ahead: 8.1 Recent Changes; 8.2 Heralding a New Era
Appendix: Fund Management Company Fact Sheet

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