The Distillery: AMP's China play

Jotters are impressed by AMP's long-term strategy as it eyes Chinese profits, while one cautions the Coalition on budget challenges.

Cracking the Chinese market is not easy, as countless international firms have discovered, but AMP could finally be ready to do just that. A $15 million partnership with a long-time ally in the region is expected to be worth its weight in gold, as long as you have long-term vision.

The Australian’s John Durie explains why the new partnership with China Life will give AMP a profitable foothold in the burgeoning Chinese asset management industry, over a decade after it first tried its luck in the region.

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