.contact us |.about us
Home BizChina Newsphoto Cartoon LanguageTips Metrolife DragonKids SMS Edu
news... ...
             Focus on... ...
   

Asset management - not an easy partnership
( 2002-08-05 10:18 ) (1 )

The expected partnership between Chinese and foreign fund managers may not be all sweetness and light.

Like other partnerships, it could produce mixed results.

The sweetness for the foreign partner could come from greater access to the mainland's lucrative assets management business. While for the Chinese partner, the international investment and expertise help upgrade services and distribution .

The enthusiasm can easily be felt. But the difficult part is often overlooked. The disparity in investment and obstacles like foreign exchange controls can be fuel for future disputes.

The new government rules on foreign co-operation with domestic fund managers indicate that foreign companies could hold as much as a 33 per cent stake and eventually have complete control.

But, foreign companies need a lot of research to understand and adjust to the Chinese stock market.

Most shares are nontradable and are either controlled by the State or State-owned institutions, so market liquidity is low, which makes it less attractive to foreign investors.

It takes courage for them to get into a market that does not resemble their own. So, about 20 foreign assets managers and banks have signed co-operative agreement with domestic companies on technology exchanges and training, but few have started preparing fund management joint ventures.

That was the way it always was in co-ordination and co-operation in JVs in China.

The limitations on foreign investment have made some overseas investment banks like Goldman Sachs and Merrill Lynch less enthusiastic and they have chosen to take a wait-and-see attitude.

Of course, the Chinese Government has its own concerns. In the capital market, giving licences to joint ventures means more risks.

One of the biggest challenges is how to make use of foreign capital when strict foreign exchange controls are in place. That has to be a balancing act between hot money risks and a vision of a more international market.

When Chinese companies cheer the injection of foreign capital and expertise they also find themselves surrounded by more foreign competitors. They have to improve themselves to maintain a foothold.

 
   
 
   

 

         
         
       
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved  
主站蜘蛛池模板: 国产日韩成人内射视频| 最新黄色网址在线观看| 和武警第一次做男男gay| 99视频全部免费精品全部四虎| 成人嗯啊视频在线观看| 亚洲人av高清无码| 爱我久久国产精品| 再深点灬舒服灬免费观看| 肉伦迎合下种怀孕| 国产人成视频在线观看| 4480新热播影院| 在线观看中文字幕第一页| 一区二区三区在线看| 成视频年人黄网站免费视频| 亚洲免费二区三区| 欧美精品第1页在线播放| 人妻丰满熟妇av无码区| 色天使久久综合网天天| 国产另类ts人妖一区二区| 欧美日在线观看| 国产精品久久久| 香焦视频在线观看黄| 国产网址在线观看| 一本久久A久久免费精品不卡| 日韩亚洲专区在线电影| 天堂а√在线官网| 在线观免费看高清影视剧 | 天堂俺去俺来也www久久婷婷| c的你走不了路sb医生| 99热精品在线播放| 三上悠亚在线网站| 老子影院午夜伦不卡不四虎卡| 色老二精品视频在线观看| 韩国一区二区视频| 综合偷自拍亚洲乱中文字幕 | www.人人干| 黄色在线视频网| 精品视频一区二区三区| 欧美日韩国产专区| 欧美成人免费tv在线播放| 日本高清中文字幕在线观穿线视频|