Full Coverages>Business>China Venture Capital Forum 2004
   
 

More mutual funds sold
(Xinhua)
Updated: 2004-04-05 09:13

Fund management firms have sold more mutual funds in terms of value since the start of the year than in the whole last year, an indication that strong performance of funds last year may have paid off.

They have sold 85.29 billion yuan (US$10.28 billion) from 12 mutual funds so far this year, exceeding the total amount of 67.85 billion yuan from 39 funds that were offered last year.

The 12 funds have each raised 7.11 billion yuan on average, compared with 1.74 billion yuan last year.

Chinese investors have switched to purchasing securities investment funds instead of directly investing in the stock markets this year following the return to profitability of the fund management sector in 2003 after it lost money for two consecutive years.

China's fund management sector, which started in 1999, has more than 160 billion yuan of total assets under management.

"Investors have been impressed with what mutual funds achieved last year - making money from the market," said Sun Chao, an analyst with Citic Securities Co Ltd. "If the fever around the funds continues, China's stock market will benefit as it has more institutional participation."

China's 104 mutual funds generated a combined return of 929 million yuan last year, reversing the loss of 3.64 billion yuan for the year-ago period, as they invested heavily in cyclical stocks, including steelmaking and petrochemical companies, whose profitability follows the economic cycle.

The mainland's two stock markets in Shanghai and Shenzhen rose more than 10 percent last year, boosted by the steelmaking, petrochemical, auto making and power supply sectors, after China's 9.1 percent economic growth fueled their earnings.

The Chinese government has allowed more mutual funds this year as part of its plan to support the development of the industry.

 
  Story Tools  
   
 
     
主站蜘蛛池模板: 91在线精品亚洲一区二区| 亚洲Av鲁丝一区二区三区| 美女18一级毛片免费看| 日韩在线免费视频| 午夜视频在线观看一区| 97一区二区三区四区久久| 精品国产无限资源免费观看| 热狗福利ap青草视频入口在线观看p引导下载花季传媒 | 久久久久亚洲精品影视| 国产啪亚洲国产精品无码| 国产成人精品午夜视频'| 日本天码aⅴ片在线电影网站| 日韩大片免费看| 成人福利在线视频| 好男人官网在线观看免费播放| 女人18与19毛片免费| 婷婷五月在线视频| 国产传媒在线观看视频免费观看| 91传媒蜜桃香蕉在线观看| 欧美一级va在线视频免费播放| 人人妻人人澡人人爽人人dvd| 精品国产AV色欲果冻传媒| 国产v亚洲v天堂无码| 香港三级欧美国产精品| 天堂а√在线中文在线新版| 久久香蕉国产线看免费| 欧美交换乱理伦片120秒| 亚洲成人高清在线观看| 正在播放年轻大学生情侣 | 日本午夜免费福利视频| 久久综合香蕉国产蜜臀av| 最近免费中文字幕大全免费版视频| 亚洲午夜久久久精品影院| 欧美性大战久久久久久| 亚洲女初尝黑人巨高清| 欧美成人手机在线视频| 午夜精品久久久久久久久| 色台湾色综合网站| 国产一级特黄aa级特黄裸毛片| bbw巨大丰满xxxx| 国产精品老熟女露脸视频 |