Asia - China fund assets set to top $1 trillion
From Reuters.com: China's 2.3 trillion yuan ($337 billion) fund industry may triple in size in the next five years as new products attract money away from banks in the world's fastest-growing major economy.
China's 18-year-old fund industry is stepping up innovations under Beijing's financial reforms, preparing for products such as global exchange-traded funds (ETFs), overseas index-tracking products...
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