Top 10 Asia stories of 2017
By Tom Carnegie, 28 Dec 17
A new multi-wrapper platform, China’s asset management industry topping $7.5trn and a Hong Kong IFA firm having its office raided were some of the top stories for our audience in Asia in 2017. Click through the slides to see the others.
Data released by the semi-official Asset Management Association of China in February revealed assets under management across mainland China rose by 36% to 51.8trn renmimbi ($7.53trn, £6.0trn) in 2016.
The figure is for all mutual and private fund management houses and securities and futures firms in China.
But the yearly growth rate has slowed from 86% in 2015, AMAC data showed, amid a regulatory crackdown on fund subsidiaries as well as private securities fund companies, which both target mainly insitutional or high net worth investors.
Read the full story here.
