Fund Managers

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By the end of December 2023, mutual funds in China totalled RMB 27.6 trillion (US$3.82 trillion) in AUM, 6% growth from the end of 2022. While the market is dominated by domestic players in terms of both scale and number of companies, more foreign mutual fund firms have begun to focus on China’s retail and wealth markets having obtained the relevant licences.



Retail market will continue to grow

Since China lifted retail licensing requirements for foreign mutual fund firms, several overseas players have successfully obtained licences and started to sell their funds. Fidelity International, for example, has raised nearly RMB 925 million for its fourth mutual fund in China, where it is one of the top foreign fund issuers.

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