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. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

A tale of two worlds: China's markets

China's domestic stock markets are a mess, riddled with inefficient companies, gerrymandered by a meddling government and hamstrung by a vast share overhang. Despite these challenges, Invesco Great Wall Fund Management Company has found a way to make money from stock picking. Much of its success rests on simply understanding the realities of its market. Chris Leahy reports.

The joint venture line-up

Shum: The benefit of a good local
partner is that it gives you a good
profile, if not full control

GIVEN THE PIONEERING nature of the fund management business in China's large but unruly domestic stock markets, it seems appropriate that the offices of Invesco Great Wall Fund Management Company (IGT) are in the frontier town of Shenzhen, just across the Shing Mun river from its salubrious neighbour, Hong Kong. The offices of IGT, one of the early entrants to the market, certainly look the part. Aside from two huge toy bulls that guard the reception area, each sporting Invesco Great Wall rugby shirts, the remainder of the floor is given over to the trading desks and computer screens one expects to see in any serious fund management operation.

Amvescap, the parent company of Invesco Asia, is certainly taking its China joint venture with local securities firm Great Wall Securities seriously. Based in the US, Amvescap is one of the world's largest independent fund managers, with assets under management of more than $374 billion.

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