As a result of booming economy in recent years, both China's private and public sectors have accumulated considerable amounts of wealth. A recent Deloitte Swiss research report pointed out that China has become the second largest wealth management market in Asia Pacific region. Demands are increasing from Chinese individuals and companies to preserve and create values for their growing wealth. Private banks, wealth management companies, investment funds and assets management companies find their opportunities for businesses are soaring in China. Growing economy also brings steady flow of investment opportunities for global and local private equity firms, which seek to deploy capital in China as part of their strategic priorities.
Deloitte's Investment Management (IM) professionals serve a variety of different organizations specializing in various aspects of the investment management industry, whether they are wealth management firms, investment funds, asset management companies, private equity firms, sovereign wealth funds (SWF) or social security funds. Our global investment management group is comprised of more than 4,000 partners, managers and staff, providing a spectrum of assurance and advisory, tax, enterprise risk, regulatory and consulting services to a broad range of investment management companies. We provide global resources and global capabilities while we clearly understand the local market and individual needs, our approach to problem solving can uncover new opportunities for your company and deliver novel solutions that give you a competitive advantage.
Sovereign Wealth Funds (SWFs) are government-owned funds that invest the surplus cash that the government has in excess of its normal operating and budgetary needs. The goals of SWFs can be diverse and may include objectives such as a means to counter the volatility of government revenue sources, a fund to build up savings for the future as a fund for contingencies or a way to achieve purely economic aims such as additional revenue for the government. In China, such funds include governments backed China Investment Corporations, Sino-foreign development funds and social security funds.
Deloitte GFSI professionals see the growing importance of SWFs in current global financial industry. We clearly understand the goals, strategies, operations, challenges and opportunities of SWFs and have experience to serve many of the world's leading SWF clients. To better serve our SWF clients, Deloitte is setting up global sovereign wealth funds network to integrate resources to provide services ranging from tax advisory, M&A advisory to strategic consulting, regulatory consulting, governance and internal control.