Back Office & Operations

State Street pushes for outsourcing in China


China’s managed funds industry could benefit from best practices and outsourcing services offered by third-party service providers, argues global financial service firm State Street in a new report.

The report, released last week, says that outsourcing middle- and back-office operations would free up domestic asset managers to focus on their core competencies, improve profitability and support faster product launches and international expansion.

The firm’s latest Vision Focus paper, entitled China’s Funds Future, says that while regulations have created barriers for both inbound and outbound investors in financial markets, authorities have also shown a consistent willingness in recent years