News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

Red could mean danger for fund managers eyeing China

If leaving the European Union appeals to UK fund management executives because it would cut red tape, then China may not be the best destination for them

Flagged up: It has been much harder for foreigners to grow the business in China than in the US or Europe
Flagged up: It has been much harder for foreigners to grow the business in China than in the US or Europe Photo: Getty Images

China was, no doubt, one of the first countries that came to mind for fund managers exploring new markets following the Brexit vote in late June.

Shanghai-based consultancy Z-Ben Advisors estimates that the country's mutual fund market has grown to more than $1 trillion in just 15 years, even without the help of a defined contribution pension system. It is expected to grow at a minimum compound annual growth rate of 15% over the medium term.

WSJ Logo