Yimei Li, CEO of ChinaAMC, spoke optimistically about investment flows into ETFs in China, despite recent market challenges and falling management fees. She highlighted the resilience of the industry, which has been able to adapt by diversifying its offerings, particularly with REITs and ETFs, enabling the group to achieve significant growth.
Li welcomed the international competition from giants such as BlackRock and Fidelity, seeing it as a driving force for innovation and improved practice in China's asset management sector. She highlighted the enormous potential for wealth and savings in China and invited international players to invest in this market.
The CEO also spoke about the successful launch of their Bitcoin ETF in Hong Kong, which has attracted interest from traditional investors. She mentioned that the 5% allocation to crypto assets that some are considering in wealth management portfolios represents both a challenge and an opportunity.
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