In-House Insights: China's Second Foreign-Controlled Wealth Management Company

June 30, 2021 | BY

Vincent Chow

New China asset management rules tighten requirements on the due diligence of distributors

BlackRock, Inc.'s office in San Francisco, California. Credit: Tada Images/Shutterstock.com.

China's asset management market is big business, estimated to be worth $19 trillion. With disposable wealth for investments rising across the country, foreign asset managers are eager to establish themselves in the market especially as the Chinese government has relaxed market access rules in the last two years.

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