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Night view of Lujiazui, Shanghai. (Photo by Xinhua reporter Cai Yang)
China.com, July 1 - the Financial Times website reported that in the first quarter of 2020, the share of Chinese funds in the global investment market increased significantly, which made China rise from 10th to 5th in the quarterly fund registration rankings compiled by European Fund and Asset Management Association and American Investment Company Association.
At the end of 2019, China accounted for 3.2% of global assets, the UK accounted for 3.3% and France accounted for 3.7%, the report said. However, by the first quarter of 2020, China has surpassed the established asset management markets such as France, the United Kingdom, Japan and Australia, and the global fund assets have reached 4.1%, becoming the fifth largest fund register in the world. The top four were the United States (47.9%), Luxembourg (8.8%), Ireland (5.8%) and Germany (4.6%).
China is the third largest asset management market in the world after the United States and the United Kingdom when considering funds, independent trusts and other asset management products.
Data provider broderridge financial consulting pointed out that despite the uncertainty caused by the outbreak, the growth prospects of China's fund market remain strong. (Li Jinqiu)
