A year after our initial insight report China Asset Management at an Inflection Poin,1 we are delighted to present this second publication exploring the role of the Greater Bay Area (GBA) in the ongoing transformation of asset management in China. Over the past year, the Chinese asset management market has continued developing at lightning speed. Overall, industry assets under management (AUM) reached $18 trillion and a multitude of local entities and partnerships between domestic and global industry leaders have been set up to service this ever-growing demand. Section one of this publication provides a brief update on the major transformation drivers highlighted by our initial report.