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China's fund management industry is one of the most vibrant sectors in China. This 8-year old industry is also one of the fastest growing markets in the world. From 1998 to 2005, the total NAV of China's funds has increased 40 times with a striking CAGR of more than 70%. At the end of 2004, the newly emerged fund management industry in China has to-date accumulated more than US$50 billion in assets under management. It is no surprise then that fund managers worldwide have set their sights on the vast potential of the domestic market.
As foreign firms look to tap into the nascent but potentially bullish industry, the easing of regulations within the industry as part of China's WTO commitments is something much anticipated. As opposed to the previous 33%, foreign firms may now hold maximum stake of 49% in a joint fund-management venture. All signs point towards tremendous growth and opportunities within China's fund management industry.
Aimed at providing important reference value to foreign fund managers and professionals in financial institutions, this fact book compiles comprehensive details of fund management companies across mainland China, and provides data and statistics on more than 160 funds. Besides being a comprehensive guide on China's fund management, this book puts China's fund management industry in the world's context to assist readers in understanding the vibrant sector.
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