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Post by bot on Dec 3, 2010 14:26:36 GMT -5
Mutual funds on the rise in China Mutual funds are on the rise in China. As of October, the total assets managed by China's 62 fund companies reached 3 trillion yuan. And the approval process for new funds will speed up, says Yao Gang, vice chairman of the China Securities Regulatory Commission. The number of newly established funds has increased about 8 percent this year compared with last year, reaching 103. Yao also says the structure of China's fund products have greatly improved. During the first 10 months of ... english.people.com.cn/90001/90778/90859/7220361.html
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