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China's privately offered funds expand in July

BEIJING, Aug. 14 (Xinhua) The scale of China privately offered funds hit 18.99 trillion yuan (about 2.93 trillion U.S. dollars) by the end of July, data from ....

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China halts approvals of residential real-estate funds

China halts approvals of residential real-estate funds
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Fidelity International gets China OK to launch mutual funds

Fidelity International says it will establish a new wholly-owned unit for its mutual fund business in China. ....

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CX Daily: South Korea Likely To Outpace China In New Shipbuilding Orders In Second Half, Report Says

CX Daily: South Korea Likely To Outpace China In New Shipbuilding Orders In Second Half, Report Says
Since last year, demand for shipping has grown rapidly, as a number of countries import more daily necessities and medical goods and equipment due to Covid-19-induced disruptions in their domestic production. Photo: VCG
Shipbuilding /
China is on track
to be overtaken by South Korea in shipbuilding orders in the second half of the year, a new report argues, as rising raw material costs erode local shipbuilders’ advantages and discourage them to seek new business while those in their eastern neighbor rack up orders. ....

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China's public offering fund volume tops 22.91 trln yuan - Buz & Tech News

2021-07-03 02:40:55 GMT2021-07-03 10:40:55(Beijing Time)
BEIJING, July 3 (Xinhua) Assets under management of public offering funds in China climbed to 22.91 trillion yuan (3.55 trillion U.S. dollars) by the end of May, data from the Asset Management Association of China (AMAC) showed.
The volume was up from 22.51 trillion yuan registered by the end of April, according to AMAC, an industry body supervised by China s securities regulator.
China had 135 asset management companies by the end of May, including 44 joint ventures and 91 domestic companies.
At the end of May, 13 securities firms or asset management subsidiaries under securities firms, as well as two insurance asset management companies, had obtained qualifications for the management of public offering funds, AMAC data showed. Enditem ....

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