JPMorgan AM to join China 'fundraising war' for CSI A50 ETFs

January 15, 2024--Move marks first time a 100% foreign-owned enterprise will compete directly with domestic managers at a launch
JPMorgan Asset Management's China retail asset management subsidiary will go head to head with about half a dozen top local fund houses after the Lunar New Year holiday to raise money for exchange traded funds that track a newly established index.

The move marks the first time a wholly foreign-owned enterprise will compete directly with domestic fund giants in a co-ordinated fund launch for identical products. It also comes amid red-hot investor interest in ETFs and could become a "fundraising war", one manager suggested.

China's Economy Has Not Peaked

January 7, 2025--Chinese policymakers should allow for a more market-driven allocation of land, money, and labor.
Summary
China's GDP is growing. Youth unemployment is down. And the property-market crisis is moderating. But the economy's dynamism is missing.