Foreign fund management companies in China: April 2009

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Despite the global financial crisis there is a renewed sense of optimism among the foreign fund management companies in China, according to the 2nd PricewaterhouseCoopers survey entitled “Foreign fund management companies in China 2009”. Although the participants forecast flat to moderate revenue growth in 2009, they envisage significant pick-up over the next three years. By 2012, 66% of respondents anticipate that they will have significant growth of between 21% and 100% per annum. This is evidenced in the survey by similar projections of growth in Assets under Management by 2012 and by estimates of an increase in the numbers of retail investors in funds, growing from 33.8 million currently to almost 69 million by 2012.

This survey is based on interviews with CEOs and senior executives of 29 foreign fund management companies, which was conducted in Beijing, Shanghai. Shenzhen and Hong Kong in January and February 2009. This survey focuses on the strategic and emerging issues surrounding foreign fund management companies in China with attempts to synthesise diverse viewpoints, protect confidentiality and offer insights into this fast-changing investment market.