Chinese funds swell 77%

Total investment in Chinese mutual funds has jumped 77% in only six months to almost $200bn (€148bn), as the country's domestic stock market surged this year ahead of the introduction of new rules to allow regional banks to invest in foreign stocks.

Chinese citizens now have 1.51 trillion yuan (€146bn), or $198bn, invested in their home markets, China daily Shanghai Securities News reported, citing research from Chinese financial data provider Wind.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It