China AMC tipped to bolster position after stake offload

The transformation of China AMC into a joint-venture fund management company following widely publicised stake sales is expected to enable it to bolster its competitive position. The firm, the largest fund management company in China, has been banned from launching products since last year and yet has been able to increase market share at a time when Chinese fund managers have become reliant on product launches to support AUM. “Having been forced to fight with one hand tied behi…