China fund management firms lose Rmb500 billion in 2011

Apr 1, 2012

A-share market turbulence hit home in China's funds industry last year. Large firms suffered the heaviest losses, but also collected the most in management fees, new data reveals.

China fund management firms lose Rmb500 billion in 2011

China’s mutual fund industry suffered a loss of more than Rmb500 billion ($79.4 billion) last year, with A-share market turbulence damaging the bottom lines of fund management companies.

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