Xinhua, Beijing :
The total scale of China’s asset management businesses stood at about 51.79 trillion yuan (7.54 trillion US dollars) by the end of 2016, data from an industry body showed Friday.
The figure amounts to a year-on-year increase of 31.4 percent, according to statistics released by the Asset Management Association of China.
The growth rate plunged from an annual growth of 92.2 percent in 2015.
In breakdown, fund management companies operated public funds worth about 9.16 trillion yuan, with 3,564 open-end funds.
The total scale of China’s asset management businesses stood at about 51.79 trillion yuan (7.54 trillion US dollars) by the end of 2016, data from an industry body showed Friday.
The figure amounts to a year-on-year increase of 31.4 percent, according to statistics released by the Asset Management Association of China.
The growth rate plunged from an annual growth of 92.2 percent in 2015.
In breakdown, fund management companies operated public funds worth about 9.16 trillion yuan, with 3,564 open-end funds.
