China (Re)Entry for Globals: Starting the New Chapter
Report initially published by Oliver Wyman
We have witnessed surging interest by global financial institutions to enter or re-enter China over the last two years. To promote and support the development of the financial sectors, China has been opening up the market by relaxing shareholding limits to foreign players in the financial sector. In July 2019, the PBOC announced that the 51% shareholding cap for foreign ownership of joint-venture brokers, fund management companies (FMCs), and futures companies would be cancelled by 2020, one year earlier than originally planned.
The report provides further insights on why this is the unique moment for globals to enter China, and practical suggestions for globals at different stages to navigate their China strategy across the WAM and securities space.