MUTUAL FUNDS - Steaming-hot sector leaves China bloated

The mainland is seeking to rein in its mutual fund industry, which despite only starting in 2001 already boasts US$183 billion in assets under management. The youth of the market translates into a lack of domestic expertise, which is what foreign firms with limited access are hoping to capitalise on. But the immaturity of onshore investors is hurting fund performance and has burned some managers' fingers. Rupert Walker reports.