China tightens scrutiny on $9.3 trillion fund industry

📆 2021/08/31 2:44:00
📰 YahooNews

⏱ Reading Time:
29 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 59%

日本ニュースニュース

日本最新ニュース,日本見出し

China's top securities regulator pledged on Monday to crack down on mismanaged private funds and weed out fake ones, as the government becomes more assertive in dealing with an industry worth 60 trillion yuan ($9.28 trillion)

FILE PHOTO: The Chinese national flag is seen in Beijing, China

China has been seeking to channel more household savings into the capital markets to fund innovation and aid its economic recovery, while reducing the economy's reliance on bank lending. "China is actively promoting high-quality growth of its capital markets, and healthy development of the 60 trillion yuan fund industry is a crucial part of it," Yi told a meeting held by the Asset Management Association of China.

By July-end, the country's mutual fund industry stood at 23.5 trillion yuan, 1.6 times the size at 2016-end, Yi said.

コメントを書く

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。続きを読む:

日本 最新ニュース, 日本 見出し

日本最新ニュース, 日本見出し