Breakeven fears for China FMCs as Fuanda joins the fray

Apr 20, 2011

Fuanda FMC gains approval to set up in an increasingly crowded market, but it will have its work cut out with operating costs for China's fund managers having doubled over the past five years, says Z-Ben Advisors.

Consultancy Z-Ben Advisors says reaching breakeven is becoming problematic for Chinese fund management firms, even as Fuanda became the latest to enter this increasingly crowded field.

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