For the purposes of this report, we define China’s institutional asset managers as the insurance asset management companies and pension fund management companies that mainly manage institutional money. In our Top 30 list, there are eight insurance asset managers and one pension management company.
There are three main reasons that these institutional asset managers are worthy of the attention of global investors and asset managers:
• Sustained fast growth
Younger than FMCs (the first insurance asset managers were established in 2003, five years after the launch of the first FMC), institutional asset managers have enjoyed faster growth rates, driven by demand from the rapidly growing insurance funds and pension funds (see figure 8), neither of which have shown any sign of slowing growth. The 10%+ annual growth in capital available to these institutional asset managers looks to be sustainable over the coming years.