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China's Mutual Fund Market to Hit $1 Trillion Total Assets by 2015: Citi

Thursday, 21 Jun 2012 | 4:50 AM ET

"China is a relatively small mutual fund market right now, 350 billion in some context sounds big but it is smaller than Australia for example. It is very much an underpenetrated market, and we have these regulatory changes coming," David Russell, head of securities and fund services for Citi Asia Pacific, told CNBC.