China mutual funds seen attracting scrutiny

As Chinese mutual fund assets continue to boom – growing by 81% last year to well over $1 trillion, according to new Cerulli Associates research – mainland authorities appear increasingly keen to ensure suitable controls are in place. A Hong Kong-based industry executive said watchdogs in China were starting to show concern about the regulation of mutual funds. The China Securities Regulatory Commission and the Asset Management Association of China have in the past taken the sta…