China's fund management industry is set for a couple more years of "tepid" growth following a regulatory crackdown, but will still end up growing assets by more than a quarter, or $6.3tn, in the next decade, according to analysts at Moody's.

Reducing risk in the country's financial system is a "top priority" for the country's regulators in 2018, the rating agency said in a report published on June 4. Moody's expects this will "improve risk controls" at China's asset managers, leading to safer debt ratings for the firms, but pointed out it has already hit the industry's growth rate.