Acquisition of Domestic FMCs by Foreign Investors Part I

September 01, 2007 | BY

clpstaff

By Hubert Tse and Sandra [email protected]; [email protected] Chinese stock market continues to outperform all the equity markets around…

By Hubert Tse and Sandra Lv

[email protected]; [email protected]

The Chinese stock market continues to outperform all the equity markets around the world in 2007, while the Chinese asset management market is expanding at a blistering pace. In 2001, the first open-ended fund was established in China, and by the end of that year the total size of fund assets in China reached approximately Rmb80.9 billion (US$10.72 billion). As of June 30 2007, the net asset value of open-ended funds (excluding the Chinese social security fund, corporate annuities and QDII funds) have reached approximately Rmb1.6 trillion (US$212 billion), accounting for approximately 29.87% of the total assets of the Chinese stock market.

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