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Vanguard to expand in China

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  1. #1

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    Vanguard to expand in China

    See on Bloomberg.

    U.S. Investment Giant Brings Its Low-Cost Revolution to China https://www.bloomberg.com/news/artic...ading-to-china


  2. #2

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    Quote Originally Posted by shri:
    See on Bloomberg.

    U.S. Investment Giant Brings Its Low-Cost Revolution to China https://www.bloomberg.com/news/artic...ading-to-china
    But the big financial institutions in China are owned by the government or interwoven into the top levels of the CCP. Why would they open up this sector?

  3. #3

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    Quote Originally Posted by East_coast:
    But the big financial institutions in China are owned by the government or interwoven into the top levels of the CCP. Why would they open up this sector?
    To learn how they operate?

  4. #4

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    Quote Originally Posted by East_coast:
    But the big financial institutions in China are owned by the government or interwoven into the top levels of the CCP. Why would they open up this sector?
    You must have missed the memo about China totally being the future. Every CEO must open a new business in China or lose out to the competition. Yup, Yup
    rs4 likes this.

  5. #5

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    Quote Originally Posted by mrgoodkat:
    You must have missed the memo about China totally being the future. Every CEO must open a new business in China or lose out to the competition. Yup, Yup
    It depends on the industry. If the government controls it so the CCP and bilk it then not an industry you should try to make it an China.

    Stay away from anything that in the 1950's had a national pride associated with it or control the the life of people

    - Trains
    - Cars
    - Telecom systems
    - Airlines
    - News
    - Home building
    - Steel / Concrete
    - Banking / Insurance
    - Power generation / distribution
    - Education
    - Health

    Apart from those then it's fair game.

  6. #6

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    vanguard are big on ETFs - imagine china is keen to get more of these into their markets to help "sanitise" the rubbish listings into a nice clean fund from a US name that people would trust