China Data Needs Grow as Market Matures
According to the report, the Chinese financial industry spent $342.6 million on financial information in 2009, including market data, news, research and analytics, which has grown at a compound annual growth rate of 29.5 percent since 2003.
And this is anticipated to grow further as assets under management increase. Based on an estimated $1.5 trillion in assets under management, which Burton-Taylor projects to reach $5 trillion in 2020, an average annual asset management fee of 1.25 percent will
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