01China position 2021:Sustaining institutional interestChina position 2021: Sustaining institutional interestThis document is for Professional Clients only in Dubai, Jersey, Guernsey, the Isle of Man, Ireland, Continental Europe (as defined in the important information at the end) and the UK; for Institutional Investors only in the United States, for Sophisticated or Professional Investors in Australia; in New Zealand for wholesale investors (as defined in the Financial Markets Conduct Act); for Professional Investors in Hong Kong; for Qualified Institutional Investors in Japan; in Taiwan for Qualified Institutions/Sophisticated Investors; in Singapore for Institutional/Accredited Investors; for Qualified Institutional Investors and/or certain specific institutional investors in Thailand; for certain specific sovereign wealth funds and/or Qualified Domestic Institutional Investors approved by local regulators only in the People’s Republic of China; for certain specific institutional investors in Malaysia upon request; for certain specific institutional investors in Brunei; for Qualified Professional Investors in Korea; in Canada, this document is restricted to Accredited Investors as defined under National Instrument 45-106. It is not intended for and should not be distributed to or relied upon by the public or retail investors. Please do not redistribute this document.Written by
02China position 2021:Sustaining institutional interestAbout the research05Foreword03Executive summary06How the world changed07Carving out dedicated China allocations16China greening up24Tailwinds and Headwinds11Most favoured investment: Tech19Outlook and conclusion27Appendix36Table of contentswww.invesco.com/invest-china
03China position 2021:Sustaining institutional interestInvesco has had a presence in China for more than three decades, and it’s been deeply rewarding for us and our clients to watch the country’s phenomenal growth. Our early entrance in the market and our long experience there convince us that China represents one of the greatest investment opportunities we’ll see in our lifetimes.China is the second-largest asset management market in the world by AUM^ , and we fully expect it will overtake the US within the next few years (if not sooner). The Chinese government is being thoughtful and has made good progress in developing its financial markets. This commitment to opening its markets has helped support the tremendous growth and transformation of China’s economy, rewarding investors across the continent and around the world.Given the strong and growing interest in this crucial market, we’re pleased to share with you our second comprehensive survey, China Position 2021: Sustaining institutional interest, with Economist Impact. This follow-up to the 2019 study, The China Position, was conducted over June and July of this year, surveying 200 asset owners from across the globe to real...
