国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

China's money market fund assets hit record high

Source: Xinhua| 2017-12-25 19:42:37|Editor: Liangyu
Video PlayerClose

BEIJING, Dec. 25 (Xinhua) -- Assets managed by China's money market funds have hit a record high as savers' demand for higher returns on investment remains strong, latest data showed.

Money market funds managed over 6.8 trillion yuan (around 1 trillion U.S. dollars) of assets by the end of November, up 2.52 trillion yuan from the end of last year, according to the China Banking Association.

These funds accounted for nearly 60 percent of all mutual funds, a record-high proportion, the association said.

China's money market fund sector, already the second largest globally, has ballooned in recent years as people sought to invest their savings in higher-return, but relatively safe, products.

The sector's growth slowed markedly in the past few months after regulators attempted to rein in expansion and avert risks.

Driven by the expansion of money market funds, the overall mutual fund sector saw assets rise 24.6 percent in the first 11 months of the year to 11.41 trillion yuan, according to the association.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001368512751
主站蜘蛛池模板: 济南市| 木兰县| 芜湖县| 扬州市| 岢岚县| 会昌县| 安吉县| 宝应县| 息烽县| 高安市| 聂拉木县| 镇平县| 延寿县| 霞浦县| 工布江达县| 黔江区| 达尔| 徐汇区| 辰溪县| 尼木县| 杨浦区| 台安县| 泰州市| 台湾省| 白山市| 淳安县| 海门市| 固安县| 东安县| 阳高县| 沧源| 武安市| 搜索| 双柏县| 平果县| 肇东市| 弥渡县| 遵化市| 桐庐县| 工布江达县| 兰西县|