Wang Qionghui, the CEO of Morgan Asset Management in China, stated that the mutual fund market in China is irreplaceable and they will continue to recruit employees for their asset management business in China. They have no intention of reducing their domestic asset management business. She mentioned that currently only 10% of Chinese households' wealth is invested in stocks and mutual funds, compared to a higher percentage in the United States, which is around 33%. As more and more people shift their investments away from real estate, the mutual fund industry in mainland China will see growth.