https://z-benrankings.com/home daily 1.0 2025-04-15 https://images.squarespace-cdn.com/content/v1/56ef99d9746fb94fc35249a3/e03c09b4-c3d3-44a6-bd0c-23eab6654100/Outbound+leader+%28JP+Morgan%29.png Z-Ben Rankings https://images.squarespace-cdn.com/content/v1/56ef99d9746fb94fc35249a3/d5772d6a-c83f-4f48-9b72-58c01c877e90/Inbound+leader+%28BlackRock%29.png Z-Ben Rankings https://images.squarespace-cdn.com/content/v1/56ef99d9746fb94fc35249a3/dcbbafcb-d160-427f-8684-0f082d789af5/Onshore+leader+%28Invesco%29.png Z-Ben Rankings https://images.squarespace-cdn.com/content/v1/56ef99d9746fb94fc35249a3/1744604583735-ZF4ITALYC3Q1RZ4RAC64/JV+FMC+AUM.png Z-Ben Rankings - Public mutual funds Industry AUM reached RMB31.7tr by 4Q24 for a nearly 20% YoY improvement. Risk appetite was dampened over the year, though passive equity fundraising increased significantly in the fourth quarter following policy support. https://images.squarespace-cdn.com/content/v1/56ef99d9746fb94fc35249a3/1744604580660-ERM32GRM5KHEAIT69AY7/Private+fund+AUM.png Z-Ben Rankings - Private funds China's private securities industry underwent substantial reforms in 2024, mainly aimed at smaller operations with crude risk controls. The year concluded with a large amount of company de-registrations and a contraction in industry AUM. https://images.squarespace-cdn.com/content/v1/56ef99d9746fb94fc35249a3/1744604582910-42CNHCHEIUIPU72KASA8/MRF+cumulative+net+flows.png Z-Ben Rankings - Greater China funds Volatile sentiment has weighed on Greater China allocations for the past few years, though 2024 marked a positive inflection point. Flows strengthened further in the first few months of 2025 following the rally in China tech. https://images.squarespace-cdn.com/content/v1/56ef99d9746fb94fc35249a3/1744604580056-FZZEN840SWWQ730Q2NGV/Greater+China+fund+AUM.png Z-Ben Rankings - Mutual recognition of funds 2024 saw the phase in of the 80-20 sales ratio in the MRF program from its previous setting of 50-50. Product review periods also shortened during the year, though the scheme has seen only a few new entrants in recent years. https://images.squarespace-cdn.com/content/v1/56ef99d9746fb94fc35249a3/1459931303763-703ILWBBQY4I7B9713MP/architecture-846087_1920.jpg Z-Ben Rankings https://images.squarespace-cdn.com/content/v1/56ef99d9746fb94fc35249a3/1460526402481-BTA3BK0TUFAZCP0GTYFA/shutterstock_226711093small.jpg Z-Ben Rankings