The industry needs to have a “supply-side revolution” as it is now too retail-oriented, focusing on short-term profitability, said Hong Lei, president of the Asset Management Association of China (AMAC).
Tag: Asset Management Association Of China
China asset management industry tops $7.5trn
Assets under management rose 36% to RMB 51.8trn ($7.54trn) in 2016 according to data from the semi-official Asset Management Association of China (AMAC).
China’s mutual fund assets grew 9% in 2016
Onshore mutual funds topped RMB 9.16trn ($1.33trn) in assets at the end of last year, up 9% from 2015, according to the latest monthly data from the semi-official Asset Management Association of China (AMAC).
China’s regulator probed 350 AMs
The Asset Management Association of China has completed 69 enforcement requests since last July, which involved 349 firms totaling 1585 products, including four mutual fund houses.
CSRC takes action on fund subsidiaries
China Securities Regulatory Commission announced action in five cases, and confirmed it is drafting new rules to oversee fund subsidiaries.
China this week – August 2015
A roundup of the week’s asset management industry news from mainland publications.
Irish and Chinese fund groups sign agreement
The Irish Funds Industry Association said it has signed a memorandum of understanding with the Asset Management Association of China in Beijing to promote closer cooperation.
