Date
20 November 2017

Brokerages multiply asset management offerings, paper says

China’s brokerages offered a total of 1,929 asset management products last year, eight times the 236 offered a year earlier, the China Securities Journal reported Thursday, citing data from Wind Information Co. Ltd. The jump was spurred by new rules released on June 1 covering the operation of asset managers’ investment funds. But the average size of each product in terms of units issued has continued to shrink, down to 175 million units last year from 2.13 billion units in 2007, and returns overall were weak, the report said.

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