Foreign-funded public offerings are entering the investment advisory sector? Sources in the channel say: Preparatory actions are already underway.

On August 5, reporters learned from sources in the channel that some wholly foreign-owned public mutual fund companies are preparing for pilot qualification in investment advisory services. They are currently in the early stages of material submission, with no clear timetable yet. In June, at the 2026 Lujiazui Forum, the chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, stated that they support foreign investment in establishing wholly-owned or joint venture securities, fund, and futures institutions in China, and encourage foreign licensed institutions to participate in the expansion of pilot investment advisory services. Some foreign investors told reporters that compared to overseas mature markets, which have deeply embedded wealth management into professional advisory systems, the domestic asset management industry is still in a "product sales" oriented phase, and true investment advisory services are still in their infancy. He emphasized that only by shifting the role of investment advisory from "selling products" to focusing on "account perspectives" for comprehensive life cycle planning can we substantially optimize the investment experience for investors. Foreign institutions may be able to bring richer investment advisory management experience to the domestic advisory market.