# asset management
Latest news and articles about asset management
Total: 3 articles found
China’s Bank Deposits Aren’t Vanishing — They’re Changing Form, Says PBOC
China’s central bank says the recent shift of household and corporate savings into asset-management products is reshaping the composition of bank funding rather than draining funds from the banking system. Most AMP assets are invested in fixed income and interbank deposits, meaning that much reallocated money ultimately remains within bank balance sheets when viewed on a consolidated basis.
How a Star Manager and Strategic Drift Turned a Promising China Fund into a Cautionary Tale
A Huaxia Fund product launched in late 2020 with a tech-and-consumption strategy has underperformed severely, suffering near-50% cumulative losses and a nearly 70% drawdown amid manager turnover and strategy drift. Successive managers failed to restore performance in time to capture the 2024–25 AI-led market recovery, exposing governance and succession weaknesses within the asset manager. The episode highlights systemic risks in China’s mutual fund industry: overreliance on star managers, misalignment between rhetoric and trading, and the reputational danger of poor product governance.
Beijing’s Crackdown Tightens: Regulator Hits Private Fund Ruifengda with Hefty Fines and Lifetime Ban
China’s securities regulator has fined Zhejiang Ruifengda and linked private fund entities a combined RMB 41 million and banned its controller from market participation for life, part of a wider campaign against private fund malpractice. The move, which pairs firm‑level sanctions with personal punishment and potential criminal referrals, signals an intensified regulatory push to clean up the private fund industry and raise the cost of misconduct.