Citic Securities has moved to buy back a 10% stake in China AMC for exactly the price it sold it for in 2011, pointing to the challenges the nation's asset management industry faces.
Tag : amc'
The initial batch of four products listed in Hong Kong, which attracted $6.4 billion in inflows last year, suffered a combined exodus in February, raising questions for future launches.
Fund-unit splits and dividend payments help Chinese fund management companies to raise new assets, but investors may not benefit.
