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: 久久精品中文字幕无码| 午夜高清免费在线观看| 91福利视频合集| 成人国产网站v片免费观看| 久久综合九色综合欧洲| 欧美日韩精品一区二区三区四区| 午夜看一级特黄a大片| 青青网在线视频| 国产福利一区视频| 91精品观看91久久久久久| 女人扒开腿让男生猛桶动漫| 中文字幕日韩精品一区二区三区| 日韩精品无码一区二区三区| 亚洲国产精品成人久久久| 浪荡女天天不停挨cao日常视频| 午夜欧美日韩在线视频播放| 色综合中文字幕| 国产在线视频www片| 性欧美激情videos| 国产精品无码V在线观看| Channel| 好日子在线观看视频大全免费| 中文字幕在线观看第一页| 日本亚洲国产一区二区三区| 久久综合综合久久综合| 欧美free激情野战hd| 亚洲国产精品一区二区九九| 正在播放pppd| 亚洲精品短视频| 狠狠躁夜夜躁人人爽超碰97香蕉 | 中国欧美日韩一区二区三区 | 免费观看成人毛片| 美女主动张腿让男人桶| 国产一级一级毛片| 视频免费1区二区三区| 国产免费无码一区二区| 麻豆tv入口在线看| 国产在线午夜卡精品影院| 成人免费大片免费观看网站| 国产欧美精品一区二区三区四区 | 91精品国产自产在线观看高清|