Tougher times ahead for China's $1.9t private funds industry

Beijing, China. Photo: Tom Winckels/Unsplash

China’s private funds industry is growing at the slowest pace in nearly three years, as shaky markets and a government crackdown on risk take a toll that’s expected to get worse.

Assets under management in the sector rose by 10 billion yuan ($1.5 billion) last month to 12.8 trillion yuan, according to data from the Asset Management Association of China. New issuance by funds that trade securities fell to the lowest level in more than a decade, according to simuwang.com. The slowdown comes after the industry more than tripled in size over three years.

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