China's public offering funds value hits 27.29 trillion yuan
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E-mail Xinhua, May 28, 2023
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Assets under the management of China's public offering funds totaled 27.29 trillion yuan (about US$3.86 trillion) at the end of April, data from the Asset Management Association of China showed.
The scale of closed-end funds reached 3.67 trillion yuan, while open-end funds stood at about 23.62 trillion yuan, the association said. A total of 10,813 public offering funds were operated by 143 fund management companies.
Of all the fund management companies, 47 were foreign-funded and 96 were domestic firms, the association said.
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