Interest in China's once lucrative mutual fund sector wanes

The exit of ING Group from one of the mainland's earliest securities investment joint venture marks overseas players' waning interest in the once-vaunted mutual fund market.

The Dutch financial company recently sold its 33 per cent of China Merchants Fund Management to two Chinese partners - China Merchants Bank and China Merchants Securities - for US$128 million.

via Business feed http://www.scmp.com/business/banking-finance/article/1080280/interest-chinas-once-lucrative-mutual-fund-sector-wanes