China's fund industry - 15 years on

Something to celebrate before we go! Today marks the 15th anniversary of China's securities investment fund industry. The fund industry in the country has developed at a fast pace over the past 15 years, with its assets under management reaching 3.6 trillion Yuan by the end of 2012.

At the China Securities Investment Fund Summit taking place in Beijing, fund managers predict that the industry will undergo important changes and expand massively over the next 15 years to come.

Restrictions will be eased to allow more market competition, and alternative investments are expected to become more popular. Wang Lianzhou of China's Securities Investment Funds says the returns for investor should be placed as the top priority in the industry.

Wang Lianzhou, China'S Securities Investment Funds, said, "For the general public, funds are still a good investment option. The industry is relatively well regulated and transparent. We need to better protect individual investors and put their return as the top priority. With further improvement in regulations and performance, it will still be very attractive for investors. The fund industry is likely to surpass the manufacturing industry in terms of revenue."