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Asset management in Asia in 'hyper-growth' mode

Almost 90% of total financial assets in Asia (about US$110 trillion) are outside the asset management industry.

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China represents 37% of Asian AUM today, and more than 41% of revenues. AUM in China is expected to grow by over 17% annually over the next five years.

PENSION reforms, the "great wall" of Chinese capital and burgeoning affluence, are combining to drive the growth of asset-management firms in Asia over the next five years.

McKinsey & Company said in a report that asset management in Asia is already in "hyper growth" mode, and "the...

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