Chinese asset manager reaches Rmb1tn milestone for ETFs as ‘national team’ backs stocks
China’s Asset Management Milestone One of China’s largest asset managers has marked a significant achievement by becoming the first to oversee over 1 trillion yuan (approximately $143 billion) in exchange-traded funds (ETFs). This comes as the government pushes for a “national team” to bolster stock prices. Recent figures from data company Wind show that the […]