One of China’s largest asset managers has become the first company in the country to pass Rmb1tn ($143bn) in exchange traded funds under management, a beneficiary of Beijing’s push to get the “national team” to support stocks.
The value of China Asset Management’s ETFs reached Rmb1.02tn earlier this week, according to data company Wind. E Fund, another leading Chinese asset manager, is also approaching that amount.
While China’s ETF market is still small compared with the US, where there were $13.5tn in assets under management in 2025, it has exploded in size, growing by Rmb2.3tn last year to be above Rmb6tn at the end of 2025.
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