China’s mutual fund industry assets surged 48 per cent to a record $3.1tn (Rmb20tn) in 2020 but huge demand for new funds is stoking fears that volatile investor inflows could spur a stock market bubble.
China is expected to develop into the world’s second-largest asset management market after the US this decade, providing a huge growth opportunity for investment managers.
UBS forecasts mainland mutual fund assets could reach $16tn by 2030. Assets held in US mutual funds currently stand at about $23tn.
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