News Column

Nearly CNY200bn Equity Funds under Custody of SPDB

May 29, 2014

SHANGHAI, May 29, SinoCast -- There have been nearly 500 equity funds under the custody of Shanghai Pudong Development Bank (SPDB), with a total size of nearly 200 billion by far, the largest custodian bank of equity funds in China and ranking the first in the domestic banking for six consecutive years.

A person in charge at SPDB said China is in an economic transit period of being transferring the development mode, deleveraging and adjusting the industrial structure. The proportion of direct financing in total financing is less than 50%, compared with 70% to 90% in developed countries, so there is a big development space.

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Source: Sinocast Banking & Credit Beat (China)

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