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QINGDAO, China, May 9, 2021 /PRNewswire/ Qingdao, an island of youth and a hot spot of innovation and entrepreneurship, has a complete industrial system, outstanding innovation ability and profound financial genes, and is promoted to develop more quickly with the holding of the Global Venture Capital Conference here for three consecutive years. At present, Qingdao is actively integrating into the new development pattern featured by the mutual promotion of domestic and international dual-circulation while taking domestic circulation as the main body. The 2021 Qingdao Global Venture Capital Conference will also be endowed with a more far-reaching historical significance, which is to build Qingdao into a highland for high-quality capital accumulation by standing at the forefront of opening up to the outside world at a higher level.
2021-04-30 11:05:49 GMT2021-04-30 19:05:49(Beijing Time) Xinhua English
CHENGDU, April 30 (Xinhua) In a short video, a securities company employee shares her experience of curbing the urge to spend unnecessarily, saving money to profit from fund investment.
As the number of young investors grows, many securities companies are using short videos on social media to cater to young investors growing up in the internet era.
According to a report released in March by the Asset Management Association of China, the number of over-the-counter accounts in public funds had reached 600 million by the end of 2019. The proportion of investors below the age of 30 has exceeded one-third, and about 80 percent of individual investors use mobile terminals as a major transaction medium, the report read.
Scale of China s privately offered funds hit 17 22 trln yuan shanghaisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaisun.com Daily Mail and Mail on Sunday newspapers.
Asia Asset Management (
AAM).
The eight wholly foreign-owned enterprises or WFOE include subsidiaries of Scottish fund manager Baillie Gifford, Hong Kong’s Income Partners, South Korea’s Hanwha Asset Management, Singapore’s iFAST Corporation, and France’s Metori.
Baillie Gifford was the only one among them to also be designated as qualified domestic limited partnership (QDLP) by the Asset Management Association of China (AMAC), allowing the firm to raise renminbi-denominated capital in China for investments overseas.
Four others firms, including Amundi Asset Management and Franklin Templeton, were also designated as QDLP last year.
WFOE are allowed to participate in various businesses in China, including investment advisory services and private fund investment. Those that intend to sell private funds to wealthy individuals and run QDLP business are required to register as private fund managers with AMAC.