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China: The World’s Best Opportunity for Asset Managers?
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Exhibit 1: Sizing by Market Segment (May 2012),
China Asset Management Sectors........................................................................................7
Exhibit 2: Number of Funds vs. Total AUM, 2006 – 2011..................................................7
Exhibit 3: Bank Wealth Management Product Launches,
January 2007 – January 2012...............................................................................................8
Exhibit 4: Infows from New Public Mutual Funds by Type (RMB bn)...........................9
Exhibit 5: QDII Fundraising Results (2007 – 2012) (RMB m)......................................... 10
Exhibit 6: Top 20 FMCs by Market Share and Sino-Foreign Stake
Holdings Split (as of May 2012)............................................................................................. 11
Exhibit 7: Institutional Investor Assets by Segment, 2007 – 2012e. .......................... 13
Exhibit 8: CIC Portfolio Holdings by Type (as of 2010 annual report)....................... 13
Exhibit 9: Growth of SAFE’s Foreign Reserves, 2000 – 2011 (USD bn)...................... 14
Exhibit 10: NCSSF Portfolio Returns and AUM, 2001 – 2011 (RMB)............................. 15
Exhibit 11: Insurance Asset Management Companies,
Establishment Date and Historic AUM (RMB bn)............................................................. 16
Exhibit: 12: Public Pension Fund Balance (RMB bn), 2007 – 2030e............................ 17
Exhibit 13: Costs and Revenues for Fund Managers....................................................... 19
Exhibit 14: Big 4 Banks’ Share of New Fund Distribution, 2007 – 2012.................... 20
Exhibit 15: China’s Fundamentals vs. Portfolio Allocations,
2010 & 2020 (estimate)......................................................................................................... 23
Exhibit 16: Quarterly QFII Quota Approved. 2Q03 – 2Q12 (USD m)........................... 24
Exhibit 17: Chinese Fund Management Companies
with Hong Kong Subsidiaries............................................................................................... 25
Exhibit 18: Bancassurance Product Sales, 1Q05 – 4Q10 (RMB bn). ........................... 27
Index of Exhibits