Reforms could create a multitrillion-dollar market for foreign firms
KEY FINDINGS
• The Chinese government is reforming the country’s pension system, capital markets,and investment management industry as a part of a bigger plan to curb an anticipated retirement savings deficit.
• Foreign investment managers have the opportunity to play a greater role in the tightly regulated industry, potentially managing a sizeable chunk of the US$30.2 trillion addressable retail financial wealth by 2023.1
• Foreign firms looking to enter the market should develop investor segment-specific strategies, alternative data capabilities, and partner with online wealth platforms to achieve success.