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Tianhong becomes biggest Chinese fund house

Elva Muk
The mainland firm has overtaken long-standing leader ChinaAMC in terms of assets under management thanks to its internet finance product, but Tianhong lags most rivals on profitability.
Tianhong becomes biggest Chinese fund house

China Asset Management is no longer the undisputed top dog in the mainland funds industry in terms of assets under management – but it was the most profitable last year.

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