China’s ETF market crossed the $100 billion-mark

China’s ETF market crossed the $100 billion-mark last week, a record high since the first ETF product was launched 15 years ago. Year-to-date, 48 new ETFs have launched bringing the total number of ETF products in the China market to 306.

VanEck to further expand in China

VanEck has submitted its application to establish a retail fund management business in China, becoming the fourth global manager to do so after Chinese authorities lifted restrictions on foreign ownership in April this year.

China’s influence grows

China has leapfrogged the UK and France to become the world’s fifth-largest fund domicile. The Asian country pulled ahead of established asset management markets France, the UK, Japan and Australia to seize 4.1% of worldwide fund assets.