Fang Xinghai: the scale of asset management in China has increased fivefold in the past ten years, accounting for 16.1% of the world.

Fang Xinghai: China's asset management has increased fivefold in the past decade accounting for 16.1% of the world's total. Fang Xinghai, vice chairman of the Securities Regulatory Commission, said at the 14th Lujiazui Forum that China's asset management has increased fivefold to US $18.1 trillion in the decade from 2012 to 2021, and its share of the global market has increased from 4.6% to 16.1%. From a global point of view, the asset management industry is developing rapidly, while China is growing even faster. (reporter Zhou Xiaoya)