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China asset management industry to reach US$32 trillion by 2026: Broadridge

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AUM in China is set to surge past US$30 trillion by 2026 after hitting US$17 trillion in mid-2021, according to a new report, highlighting the breakneck growth of the industry in the world’s second largest economy. Driven by policy liberalisation, a growing middle-class and more foreign participation in the market, the latest AUM figure represents a compound annual growth rate…

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