2018年CRI China's fund industry to grow fivefold by 2025: UBS

 

UBS is forecasting that China's mutual¹ fund assets will multiply fivefold to reach 7.5 trillion US dollars by 2025.

The Swiss bank says the growth could generate 42 billion dollars a year for fund managers.

A mutual fund collects money from many investors² and then invests in securities.

Fund managers charge fees from clients for the returns they provide.

Foreign asset managers own minority stakes in 19 of China's top 30 mutual fund companies.

Last November, Chinese authorities unveiled plans to try to accelerate growth in the investment sector³.

Plans are underway to allow foreign players to fully⁴ own fund management companies on the Chinese mainland as early as 2020.

International fund managers including BlackRock, Vanguard and Invesco are moving to gain independent business licenses⁵ because of the policy change.

With more on this, CRI's Paul James spoke⁶ with John Ross, Senior Fellow with Chongyang Institute for Financial Studies, Renmin University.

That was John Ross with Renmin University's Chongyang Institute for Financial Studies. 

1 mutual   

adj.相互的，彼此的；共同的，共有的

参考例句：

• We must pull together for mutual interest.我们必须为相互的利益而通力合作。
• Mutual interests tied us together.相互的利害关系把我们联系在一起。

2 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

3 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

4 fully   

adv.完全地，全部地，彻底地；充分地

参考例句：

• The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
• They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。

5 licenses   

n.执照( license的名词复数 )v.批准，许可，颁发执照( license的第三人称单数 )

参考例句：

• Drivers have ten days' grace to renew their licenses. 驾驶员更换执照有10天的宽限期。 来自《现代汉英综合大词典》
• Jewish firms couldn't get import or export licenses or raw materials. 犹太人的企业得不到进出口许可证或原料。 来自辞典例句

6 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。