The fund management sector in China has seen a rapid expansion this year , fueled by new online investments . Statistics show that 96 asset managers in the country have 16 trillion yuan ( $ 2.5 tn ) under management , with publicly offered investments up 75 % YoY and reaching 7 trillion yuan ( $ 1.1 billion ) . The Director of the PBC Financial Management fund believes that online investment is in its infancy and will be transformed by the ongoing development of new platforms .
The fund management sector in China has seen a rapid expansion this year, aided by new online platforms. Statistics show that 96 asset managers in the country have 16 trillion yuan ($2.5 tn) under management, with publicly offered funds up 75% YoY and reaching 7 trillion yuan ($1.1 tn). The Director of the PBC Financial Research Institute said that online investment is in its infancy and will be transformed by the ongoing development of new platforms.