The Chinese asset management industry is growing at an extraordinary pace. According to Z-Ben Advisors, a Shanghai-based research group, the industry had RMB856 billion (US$110 billion) under management at the end of 2006 - 83 percent more than it started the year with - and it very likely topped RMB1 trillion in early January. Incredibly, RMB300 billion of that growth came in the fourth quarter alone. China routinely generates absurd statistics, but even by that country's remarkable standards, this is a phenomenal growth rate. Z-Ben points out that the industry is 10 times bigger than it was at the start of the century, with assets compounding at a rate of 71 percent over the past three years.
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