The Globe and Mail
Chris Flood
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ALY SONG/Reuters
Assets under management in China’s mutual fund industry surged 48 per cent to a record US$3.1-trillion in 2020, but huge demand for new funds is stoking fears that volatile investor inflows could spur a stock market bubble.
China is expected to develop into the world’s second-largest asset management market after the U.S. this decade, providing a huge growth opportunity for investment managers.