China's asset management industry continues to be dominated by wealth management products (WMPs), which hit a record RMB23.5 trillion (US$3.6 trillion) in 2015, according to Cerulli Associates. Despite the turbulence in Chinese stock markets in the second half of 2015, mutual fund assets under management (AUM) expanded by 80.9% year-on-year to hit RMB8.5 trillion (US$1.3 […]

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