An aerial view shows skyscraper clusters in Lujiazui, a cutting-edge financial center and bustling commercial district in Shanghai, on Aug 23. LI JUNQIN/FOR CHINA DAILY
China's asset management industry is entering a decisive new phase, pivoting away from breakneck expansion toward quality-driven growth and refined operations.
This shift, analysts said, will lay the foundation for a more resilient, innovation-led financial system better equipped to channel capital into the real economy.
The total scale of China's asset management industry reached 184.53 trillion yuan ($26.7 trillion) by the end o
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