The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

New funds pile in as asset growth slows

A slowdown in the growth of China's asset pool is not deterring new entrants among fund managers.

More asset managers are setting up shop and launching new products in China, alongside the existing managers, says independent consultancy Z-Ben Advisors. The market expects the development of a defined contribution scheme in China to lead to a pick-up in the growth of assets.

In the second quarter there was $35.45 billion in assets under management in China, a 16% increase on the previous quarter, according to Z-Ben. However, this is a slowdown from the growth seen earlier in the year. From the fourth quarter of 2003 to the first quarter this year the total size of industry assets rose by 50% from $20.72 billion to $30.55 billion.

Despite the deceleration in asset growth, the number of new entrants into the fund management industry in China continues to grow. The total number of fully operational managers ? those with an operational licence and a product offering ? has grown from 26 at the beginning of the year to 36 at the beginning of August, according to Z-Ben. ?The number of new players can also be expected to grow for the remainder of the year and well into next year,? says Z-Ben founder Peter Alexander.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree