The Alternative Investment Management Association (AIMA) has inked a memorandum of understanding (MoU) with the Insurance Asset Management Association of China (IAMAC) to enhance its relationships with China’s asset managers and regulators.

Under the MoU, the two parties will partner on educational programmes and joint events.

AIMA managing director, co-head of APAC and deputy global head of government affairs Kher Sheng Lee said: “The insurance sector is of course an important source of capital for our fund manager members, both domestically and internationally, and we look forward to strengthening ties with the IAMAC and developing a constructive and collaborative relationship.”

IAMAC executive vice president and secretary general Deyun Cao added: “IAMAC maintains a good relationship with AIMA, and we wish to deepen the cooperation further on matters of mutual interest, including in seminars and events, research, training and education projects.”

AIMA relationship with China’s asset management industry dates back to 2014, when it signed a MoU with the Asset Management Association of China (AMAC). This was followed by the launch of a Shanghai office the next year.

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