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Third-party platforms overtake banks in China fund distribution for first time

Verifying
  • Third-party institutions overtook banks in non-money-market public-fund holdings.
  • 13.79 trillion yuan was held by the top 100 distributors, up 17.96% quarter-on-quarter.
  • Ant Fund exceeded 2 trillion yuan in non-money-market holdings for the first time.
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