|
By Michael Ferguson (picture)* and Amanda Yeung**
During the second quarter of 2012, Ernst Young interviewed c-suite executives of some of the leading Chinese asset managers to understand their overseas expansion strategy.
Why look west?
The survey respondents:
- Offer a range of products including mutual funds and management accounts;
- Have assets under management ranging from Reminbi (RMB) 2 billion to more than 200 billion.
From the Chinese asset managers we interviewed, we learnt that:
- Overseas expansion is regarded as a key component of their business strategies;
- They are confident in their investment expertise and capability in the Chinese market, and believe that...
|