Hong Kong fund management business hits $9.6 trillion mark
Hong Kong's aggregate fund-management business registered a record annual growth of 56.5% last year, hitting the $9.6 trillion (€6.1 trillion) mark, the Securities & Futures Commission said, according to official reports.
Foreign investors pumped in $6.5 trillion, or 68.4% of the entire sum, to assets under management, excluding real estate investment trusts. Asset management, historically the largest segment in the combined fund-management business, expanded 57.5% to $6.5 trillion.
Read the original
- Click to go to news.gov.hk - Web link
del.icio.us
Digg
Newsvine
reddit
StumbleUpon
