Briefly

Auto sales up 29.5% in January, top 2.5m

China's auto sales rose 29.5 percent year-on-year to over 2.5 million units in January, data from an industry association showed on Tuesday. The growth came amid the country's recovering market demand, according to the China Association of Automobile Manufacturers. Auto sales dropped 11.6 percent month-on-month in January due to the shortage of automobile chips,said the association.

More investors in bank WM products

The number of investors holding wealth management products in the banking market hit 41.62 million in China at the end of 2020, up 86.85 percent from the previous year. Individual investors accounted for 99.65 percent of the total. The investors pocketed 993.25 billion yuan ($153.75 billion) of income through bank wealth management products, up 7.13 percent year-on-year, according to the China Banking Wealth Management Registration and Depository Center.

Xinhua