JV Between BNP Paribas & Agricultural Bank of China: Another Sign of Foreign Investor Confidence in China’s Wealth Management Sector†

法国巴黎银行与中国农业银行的合资企业：外国投资者对中国财富管理行业信心的又一标志*

Digest | 文摘

In October 2022, China approved the establishment of a wealth management joint venture between BNP Paribas’s asset management branch (51% stake) and the Agricultural Bank of China’s wealth management unit (49% stake).

With the establishment of this joint venture, another foreign financial institution is showing confidence in the Chinese wealth management market, which is estimated to be worth USD 4 trillion.  Before BNP Paribas’s entry into this market, a few other foreign financial institutions have already set up similar wealth management joint ventures.  For example, Amundi (55%) partners with Bank of China (45%), while BlackRock (50.1%) and Temasek (9.9%) partner with China Construction Bank (40%).

How will such joint ventures help foreign financial institutions accelerate their growth in China and improve the quality of wealth management services in the country?  In return, how will Chinese banks leverage their foreign partners’ strengths to expand and deepen their presence in the global market?

2022年10月，中国批准法国巴黎银行的资产管理公司与中国农业银行的理财公司成立中外合资理财企业。双方出资比例为51%与49%。

这家合资企业的成立表示了又一家外资金融机构对中国财富管理市场表现出信心，该市场估计价值4万亿美元。在法国巴黎银行进入这个市场之前，有一些其他的外国金融机构已经成立了类似的中外合资理财企业。例如，东方汇理（Amundi）（55%）与中国银行（45%）合作，而贝莱德（50.1%）和淡马锡 （9.9%）与中国建设银行（40%）合作。

这些合资企业将如何帮助外国金融机构加快在中国的发展，并且提高中国财富管理服务的质量？同时，中资银行将如何利用其外国合作伙伴的优势来扩大和深化其在全球市场的影响力？

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^† This piece was contributed by Xin Shen and edited by SINOTALKS.COM.

^* 此文章由沈馨提供，并由丝络谈™编辑。