For its one-year-old Chinese mutual fund venture, ABN AMRO has set its sights on tripling its assets by the end of next year, an executive said Monday.

Just one month after it got the okay to put $75 million into Chinese stock and bonds, the Netherlands-based company could soon jump into the No. 2 spot in China behind Allianz. Tripling its assets would bring its total to $1.3 billion.

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