China's Asset Management Market Keeps Growing: expert

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Last updated at: (Beijing Time) Sunday, August 04, 2002

China's Asset Management Market Keeps Growing: expert

China's asset management market is continuing to grow, according to experts attending the China Assets Management Forum.

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China's asset management market is continuing to grow, according to experts attending the China Assets Management Forum.

"Due to ongoing reform and rapid economic development, a large asset management market has come into being. Agencies and individuals wanted effective external management of their property," said Zhou Xiaoming, executive director of the Trust and Fund Institution of the People's University of China.

The value of assets that private asset management agencies handled had reached 700 billion yuan (87 billion US dollars), he said.

Asset management could widen investment channels and promote a stable and healthy development of the asset market, he added.

Zhou also called for a stricter admittance system and clearer rules for China's asset management market.

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