China’s fund industry predicted to grow fivefold by 2025

At $7.5tn, it would be the world’s second-biggest asset management market. China will provide the “single largest growth opportunity” for global investment managers, with the country’s mutual fund assets forecast to multiply fivefold to reach $7.5tn (Rmb47tn) by 2025. This expansion could create a fee pool for running mutual funds worth $42bn a year, a lucrative new stream …

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