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The industry remained resilient in 2022 and managed to stay on its long-term growth trajectory, finishing 2022 with a five-year compounded annualized growth rate of 7%. We expect the long-term macro factors, including the deepening of the capital market, growing investor awareness and appreciation for professional asset management services, and improved distribution outreach, will continue to fuel the industry growth.
How EY can Help
EY-Parthenon professionals recognize that CEOs and business leaders are tasked with achieving maximum value for their organizations’ stakeholders in this transformative age. We challenge assumptions to design and deliver strategies that help improve profitability and long-term value.
Read moreMutual funds are still the core of the industry. They remained the biggest sector of China’s asset management industry and managed to grow despite increased volatilities in the stock market and the consequent pressure on fund returns.
In this report, we identify 10 key trends and give our take on how each of them will shape the future of the industry:
Most of the development in 2022 felt like a carryover of the changes started in 2018. But 2022 also saw these developments obtaining new dimensions. The eruptive growth between 2013 and 2018 and the vertical plunge since 2018 now feel almost like a massive hangover. Different sectors of the industry came out of the cycle at different speed but now they all have to embark on a new journey. When compliance and prudence are accepted as an ideal that transcends the industry, managers will gain a new perspective of investors, competition, technology, and not to mention, regulation itself.
A new era of China’s pension system
In 2022, China’s pension reform achieves a breakthrough by officially launching the tax-deferred individual retirement account (IRA) system, thus complementing its three-pillar pension system. EY provides insights on the meaning of launching IRA, the current competitive landscape and the strategies players should adopt.
Key drivers of the asset management industry development
China asset management market finished 2021 with strong growth in and has become the world's second largest asset management onshore. In an increasingly competitive market and a constantly changing regulatory environment, EY has given the advice to seize opportunities and face challenges.
Technology drivers of the post-trade operations: An analysis of the landscape and solutions
Technology advancement offers new possibilities for post-trade process, and, in some cases, heralds changes that are on the way.
