Asset Management Sub-working Group
The Asset Management Sub-working Group was created in April of 2024 under the umbrella of the Financial Services Working Group, which also includes Sub-working Groups for Banking & Securities, Insurance and Non-banking Financial Institutions. The group is open to industry representatives and currently has over a dozen of members. Fresh perspectives are always welcome, and we encourage stakeholders to reach out and explore opportunities to join us!
This year, the group will make its first annual contribution to the Business in China Position Paper for the 2025-2026 edition, emphasising the importance of greater access to the Chinese pension system for European financial institutions, expansion of the Qualified Domestic Institutional Investor (QDII) and Qualified Domestic Limited Partner (QDLP) schemes, and other general matters pertaining to the business environment for asset managers in China.
Chair and Vice Chair
Chair:
Mr Zhong Xiaofeng, Amundi Asset Management (Hong Kong)
Vice Chair:
Mr Alexandre Werno, BNP Paribas ABC Wealth (Shanghai)
Working Group Highlights in 2024
Chinese Government Advocacy Actions
25th November
Submitted written input to the State Administration of Foreign Exchange on priority advocacy issues.
14th October
Submitted written input to the National Financial Regulatory Administration in preparation for a European Chamber meeting with the regulator.
European Government Advocacy Actions
5th November
Submitted written input to the EUD to provide feedback in preparation for the interim meeting of the EU-China Working Group on Financial Cooperation.
5th June
Submitted written feedback to the European Union Delegation to China (EUD) regarding follow-up on agenda items discussed in the high-level EU-China Working Group on Financial Cooperation.
Submission of Comments for 2024 Laws and Regulations
12th October
Sent comments to the National People’s Congress on the Second Draft of the Revised Anti-money Laundering Law.
12th July
Sent comments to the China Securities Regulatory Commission on the Notice of Public Consultation on the Provisions of the Mutually Recognised Funds in Hong Kong.
Other Working Group Activities
5th September
Hosted a luncheon for members of the Asset Management Sub-working Group in Shanghai.
24th July
Attended a roundtable in Beijing with Tang Song, deputy director general of the foreign investment department of the Ministry of Commerce, on the issues faced by financial enterprises in attracting foreign investment.
Asset Management Sub-working Group
Extract QR code to learn more
★
click on 'Read more' to learn more about the Working Groups