German and Chinese Asset Management Associations Sign MoU

The Asset Management Association of China (AMAC) and the German Investment Funds Association BVI have signed a Memorandum of Understanding (MoU). Both Associations agreed to establish a high-level exchange mechanism, e. g. regular official mutual visits, industry conferences, and seminars. Furthermore, BVI and AMAC agreed to provide each other with opportunities to participate in industry-related events, facilitate exchanges and cooperation among industry institutions, and co-host thematic events. Both associations agreed to promote information sharing, e. g. to topics such as regulatory and industry development best practices.

The MoU was signed by Thomas Richter, BVI’s CEO, and Bu Min, AMAC’s Deputy Secretary General, on the sidelines of the Sino-European Finance Summit. BVI organized the Summit in cooperation with the Bank of China with some 200 participants of European and Chinese asset managers, banks, stock exchanges, and authorities. The idea for the event originated with the German Investment Funds Association. Germany, with assets exceeding EUR 4.7 trillion, is Europe’s largest and a highly sophisticated fund market, home to over 600 asset managers from 40 countries. China’s fund market is expanding rapidly, reaching EUR 9 trillion in assets under management. Interest in accessing each other’s markets is growing steadily. The Summit aims at establishing a platform to facilitate future business relationships in both directions.

Additionally, in cooperation with Bank of China, BVI published a guideline “Investment in China” to foster cross-border investments and distribution of funds as well as the establishment of fund companies in China.

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