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  Tougher competition  

  

 

lc.jpg

Pedestrians walk past an ad board promoting the Dacheng Investment Fund in Liaocheng.

Pedestrians walk past an ad board promoting the Dacheng Investment Fund at a local branch of the Agricultural Bank of China in Liaocheng, a city in Shandong Province. The fund-management industry is about to experience more intense competition, as more institutions are allowed to dabble in the business.

 

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