The assets of China's booming
mutual fund market surged to a record high in 2006, said an industry report.
Several types of mixed fund - an investment fund including both equities and
bonds - jumped between 95.15 to 124.74 percent in 2006, said Lipper, a fund
rating agency in its latest analytical report.
The total market value of mutual funds rose 83 percent from US$60 billion at
the beginning of 2006 to more than US$110 billion by year end, according to
figures released by Z-Ben Advisors, a research institute.
(For more biz stories, please visit Industry Updates)