Chinese banks’ outsourcing drives swift fund growth
Struggling to provide steep returns on their wealth management products, Chinese banks are allocating to higher-risk bond funds, driving a fast rise in mainland managers' institutional AUM.
China’s funds industry is becoming increasingly institutionalised, courtesy of the growing outsourcing demands of the country’s commercial banks. The latter firms are turning to asset managers to help them achieve sufficient investment returns to match the guaranteed performance on the wealth management products they have issued.
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