Managed funds in China to grow 1,000%

Professionally managed funds will rise from $168 billion to $1.6 trillion by 2010, says analyst.

Independent research group Matrix Services has conducted a survey of China's funds industry that calculates professionally managed assets now total $168 billion, a figure that could rise by a factor of 10 in seven years.

The biggest chunk comes from life insurance companies, accounting for $88 billion of assets, with pensions including pillars one and two of the unified pension scheme and the National Social Security Fund at $60 billion and the mutual funds business at $20 billion....

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