The fund management sector in China has seen a rapid expansion this year, aided by new online platforms. In the first half of 2017, Chinese investors bought $23.5 billion worth of stocks, up from $15.7 billion at the end of 2016, according to data compiled by Bloomberg. 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.
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.