A record 17 million Chinese had subscribed to investment funds
by the end of 2006, according to a report released on Friday.
Driven by the bullish stock market, the fund market chalked up
profits of more than 120 billion yuan (US$16 billion) in 2006.
The big profits have attracted more and more investors.
According to the report based on a survey of 53 fund companies,
last year investors received a return of more than 271 billion yuan
(US$35 billion), a more than thirtyfold increase over the previous
year.
The fund market has expanded quickly with an increase of 82
percent in assets, said the report.
The report revealed the total value of investment funds now
surpasses one trillion yuan (US$130 billion) and accounts for
nearly thirty percent of the stock's market value.
(Xinhua News Agency April 7, 2007)