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China eyes its surging, $9.28 trillion fund industry, warning new regulations are coming ...News
China’s Securities Regulatory Commission has vowed to sort through its 60 trillion yuan ($9.28 trillion) fund industry, aiming to eliminate mismanaged and fake private funds. “China is actively promoting high-quality growth of its capital markets, and healthy development of the 60 trillion yuan fund industry is a crucial part of it,” Yi Huiman, chairman of the country’s securities regulator, told a meeting held earlier this week by the Asset Management Association of China. Also on rt.com China’s refinery crackdown leaves oil tankers with nowhere to go Y
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