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.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

The joint venture line-up

Invesco is by no means the only international fund management firm to have signed up for a joint venture with domestic institutions in China [see table below]. In fact, Invesco Great Wall Fund Management is not even the largest fund.

Several existing businesses boast assets under management of more than $1 billion, including joint ventures such as those between Dutch bank ING and China Merchant Securities, Dutch/Belgian asset manager Fortis Investments and Haitong Securities, and France's Société Générale and Fortune Trust & Investment.

There are currently 12 fully operational Sino-foreign fund management joint ventures. Recent market entrants include UBS, which opened its China joint venture with SDIC Hongtai Trust & Investment by taking a 49% stake in UBS SDIC Fund Management in April of this year, and Deutsche Bank, which signed a joint venture agreement a month earlier with one of China's largest domestic asset managers, Harvest Fund Management.

Several deals are also rumoured to be in the pipeline, including a joint venture between Schroders and Bank of Communications and CSFB, Industrial Commercial Bank of China and Cosco. Other deals are already signed, but are still awaiting the approval of China's Securities and Regulatory Commission, such as the Commonwealth Bank of Australia's tie-up through its First State Investments subsidiary with Hantong Securities, and HSBC Investments' agreement with Shanxi Trust & Investment Corp.

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.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

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

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, 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

LOGIN NOW

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