GUANGZHOU (Fund China) – October 11, “China and French Fund Industry Forum” held in Beijing, China Securities Regulatory Commission Chairman Shang Fulin, vice chairman Gui Minjie, Securities Industry Association Huang Xiangping, the French Financial Market Regulatory Commission Chairman Plate, the French Asset Management Association Leclercq, attend the forum.

Gui Minjie, vice chairman of the China Securities Regulatory Commission in China and French Fund Industry Forum, said that China fund industry currently manages total assets of more than three hundred billion euros scale, the scale of assets, a compound annual growth rate over 90%. Fund holders of the stock market value of the proportion of the market is 25%. At present, China has 59 fund management companies, management of the fund about 340, the top five large-scale fund management assets accounted for more than 34% of the total scale, the scale of the top 10 companies have accounted for more than 50%, industry concentrated close to the level of developed markets.

Gui Minjie said that at present, China has approved 28 joint-venture fund management companies, including three joint-venture company for the shareholders of the French foreign asset management institutions, joint-venture asset management companies accounted for about 42% market share.

Copyright Fund China 2009.

You Might Like: