New Chinese Fund Lures $17 Billion in a Day

The video discusses a Chinese mutual fund that raised $17 billion in a day, highlighting its success despite mutual funds being generally out of favor globally. In China, local players are preferred, and the fund achieved a 37% return since inception. The video also covers the competitive landscape for international players like Guggenheim and Black Rock, who face challenges in gaining trust. The opening of China's financial system is seen as a positive development for the economy.

What was the amount raised by a fund in China in a single day?

• $5 billion

• $17 billion

• $10 billion

• $20 billion

How is the mutual fund market generally perceived globally compared to China?

• More favorable in China

• Equally favorable

• Out of favor globally

• More favorable globally

What return did the first fund achieve since its inception in China?

• 30%

• 37%

• 40%

• 25%

Why do Chinese investors prefer local players in the financial market?

• Because of market nascency

• Because of market maturity

• Due to higher returns

• Due to international trust

What is a challenge for international players entering China's financial market?

• Lack of funds

• Limited opportunities

• Gaining trust

• High taxes