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BEIJING Danny Ainge Celtics Jersey , Sept. 19 (Xinhua) -- China's asset management businesses expanded at a slower rate in the first nine months of the year amid tightened regulation, according to industry data.
Assets under management totaled 54.09 trillion yuan (8.25 trillion U.S. dollars) as of Sept. 10, up 4.9 percent from the end of 2016, according to the self-regulated Asset Management Association of China (AMAC) on Tuesday.
In 2016, the annual growth rate of asset management businesses was more than 30 percent.
Compared with the end of 2016, the scale of publicly offered funds went up 22.3 percent to 11.2 trillion yuan, while the scale of private investment funds went up 31.2 percent to 10.25 trillion yuan.
During the same period, asset management businesses of fund subsidiaries shrank 24.7 percent while those of futures companies went down 24.3 percent.
The slower growth came as authorities stepped up efforts to contain risks arising from wealth management products, with major financial regulatory bodies rolling out policies to identify and punish illegal activities.
According to Hong Lei, head of AMAC, while the tightened regulation gradually takes effect, there are still issues which need to be solved, such as growing liquidity risks in asset management products.
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MADRID, Sept. 17 (Xinhua) -- Real Madrid claimed a vital win on Sunday night as they defeated Real Sociedad 3-1 in the Anoeta Stadium.
Madrid coach Zinedine Zidane bravely gave a first league start to young striker Borja Mayoral and was rewarded when the youngster opened the scoring in the 19th minute of the game.
Kevin Rodriguez equalized 10 minutes later, but eight minutes later the defender put the ball into his own net to restore Madrid's lead.
The much-criticized Gareth Bale then sealed the win with a left foot shot in the 61st minute after a pass from Isco.
A defeat would have left Real Madrid seven points behind FC Barcelona in the Liga Santander after just four games of the season, but the win keeps them just four points off the top of the table.
Sevilla continued their unbeaten start to the season at the expense of Girona, who paid the price for failing to turn good positions into clear chances and missing a late penalty.
Luis Muriel's 69th minute goal was enough to send Eduardo Berizzo's side back south with all three points.
On Saturday, Ernesto Valverde's substitutions worked to perfection as Barcelona came back from a goal down to maintain their unbeaten record with a 2-1 win away to Getafe.
Barcelona produced a flat first half display and Gaku Shibusaki put Getafe ahead with a stunning first half goal, an early candidate for 'goal of the season' as the visitors struggled to create chances.
Barca also lost record signing Ousmane Dembele with a hamstring injury which will sideline him for three or four months.
Valverde made a brave change at the break when he replaced Andres Iniesta with Denis Suarez at the break, and Suarez rewarded him by scoring the equalizer on the hour. This was before Barca's third substitute, Paulinho, netted the winning goal with five minutes left to play.
Atletico Madrid inaugurated their Wanda Metropolitan Stadium with a 1-0 win over Malaga thanks to a 61st minute goal from Antoine Griezmann following good work from Angel Correa.
The game ended with celebrations on the pitch for Atletico, but Malaga are bottom of the table with zero points from their first four matches of the season.
Alaves are also pointless after their four matches following their defeat 3-0 at home to Villarreal.
Cedric Bakambu scored twice and Carlos Bacca netted the third as the visitors enjoyed a comfortable win against a side which looks to be the shadow of the one which reached last season's King's Cup final and Alaves coach Luis Zubeldia later became the first managerial casualty in La Liga.
Las Palmas took advantage of a tired Athletic Club Bilbao, who had played in Berlin on Thursday to win 1-0 at home thanks to an 87th minute goal from former Chelsea striker Loric Remy to end Athletic's unbeaten start to the season.
Levante and Valencia remain unbeaten at the start of the season as they drew 1-1 in the Valencia city derby.
Rodrigo Moreno put Valencia ahead after 31 minutes, but 10 minutes later Enis Bahdi equalized with a low shot from close to the penalty spot to see a share of the points.
Meanwhile, Joaquin Sanchez's first double since 2011 gave Betis a 2-1 win over Deportivo la Coruna who are deep in trouble with just one point from their opening four games of the season.
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Scenery of terraced fields at Wuyishan in SE China's Fujian
NEW DELHI, Aug. 18 (Xinhua) -- The CEO and managing director of India's second largest software exporter Infosys, Vishal Sikka, resigned Friday.
The Board of Directors has accepted the resignation of Sikka "effective im. Cheap Jerseys Cheap Jerseys China Cheap NFL Jerseys Cheap Jerseys From China Cheap Jerseys Shop Cheap Jerseys From China Wholesale T-shirts China Wholesale Hoddies China Wholesale Hoddies Free Shipping Cheap Hats Wholesale |
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