Many banks, including ICBC and CCB, are actively planning to undertake outsourcing matters and have already communicated with fund companies.
Due to the small business volume, it is difficult for banks to recover their costs. In addition to fund companies, private placements and other institutions that plan to launch public offerings also applaud outsourcing. In the future, they may become one of the "new forces" of outsourcing business. The new Fund Law to be implemented soon supports the development of various fund service institutions and allows fund managers to outsource non-core businesses other than investment decisions. Feng Xiao, chairman of Wanxiang Trust Co., Ltd., recently revealed that ICBC will carry out capital outsourcing and advertise for ICBC.