• Ernie Diaz

Watch Your Assets

Black Rock is finally cleared to roll into China's burgeoning wealth management space. We've mentioned their mutual fund aspirations here previously, too. Then again, just yesterday we mentioned average disposable income in China is under $5k. 

So why are not only Blackrock, but other heavies such as Schroders and JP Morgan, pushing through their WM applications like Harvard Class of '26 hopefuls? 

Once again, we must mention the prime metric - 3%. "That's the percentage of market penetration for true wealth management in China, according to our friends at Singapore's Raffles Family Office," says Jimmie Jeremejev. "Technically, there are close to $4 trillion-worth of wealth management products in China. But that's like mom saying there's plenty of food at home to eat when you want McDonald's. China's wealthy demand more sophisticated, less hands-on products and services. And it's not just Blackrock, but plenty of mid-tier firms who will be in demand to provide diversity in the space."

2 views0 comments

Recent Posts

See All

China Braces Itself

Guess which Hong Kong IPO has made the biggest splash in recent memory, closing up 130%, at $51 a share, on its first day of trading? Not a chip maker, AI software company, or any such organization he

Another Shein-ing Example

As copyright and trademark protection in China is our bailiwick, we hear familiar bells ringing over Shein's new IP-theft case, this time with Dr. Martens accusing. In 2018, it was Levi's, charging Sh

H2? Oh.

The universe cares not for the laws of supply and demand, else why would hydrogen, the universe's most abundant element, be so expensive to harness? Literally ligher than air, hydrogen also offers the