Banks remain in the driver’s seat of China’s onshore asset management industry, which turned in a “record-high” RMB23.5 trillion (US$3.6 trillion) in wealth management product (WMP) assets under management (AUM) in 2015, notes a global analytics firm. This means that banks maintain their leading position in the sector “ahead of trusts, insurers, and fund management companies”, said Cerulli in a…
Mainland WMP assets set for more growth, regulation
29 March 2016
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