The securities regulator CSRC is drafting new legislation to sharpen up the industry, which has shrunk 31% since 2011. Participants are hopeful it will usher in positive change.
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A proposal by the HKMA that urges asset managers in Hong Kong to move back-office functions to Qianhai is over ambitious and won't work without incentives, say industry figures.
The country's National Development and Reform Commission is requiring private equity firms to file with regulatory bodies and provide annual reports.
The Dutch asset manager gets the go-ahead for its sustainable private equity fund JV in China and looks set to gain master agent approval for fund distribution in Taiwan. That's not to mention pending deals in Hong Kong and Southeast Asia.