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Night view of Shanghai Lujiazui. (Photo by Xinhua News Agency reporter Cai Yang)
China Net, July 1st, the British "Financial Times" website reported that in the first quarter of 2020, the share of Chinese funds in the global investment market increased significantly, making China a quarter compiled by the European Fund and Asset Management Association and the American Investment Company Association The ranking of fund registration places rose from tenth to fifth.
According to the report, at the end of 2019, China accounted for 3.2% of global assets, Britain accounted for 3.3%, and France accounted for 3.7%. However, as of the first quarter of 2020, China has surpassed established asset management markets such as France, the United Kingdom, Japan and Australia, and global fund assets have reached 4.1%, making China the fifth largest fund registration place in the world. The top four are the United States (47.9%), Luxembourg (8.8%), Ireland (5.8%) and Germany (4.6%).
The report pointed out that taking funds, independent trusts and other asset management products together, China is the world's third largest asset management market after the United States and the United Kingdom.
Data provider Broadridge Financial Consulting pointed out that despite the uncertainty caused by the epidemic, the growth prospects for the Chinese fund market remain strong. (Li Jinqiu)
