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China's public offering fund value hits 27.77 trillion yuan
Updated: Jul 3, 2023
Xinhua
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BEIJING -- Assets under the management of China's public offering funds totaled 27.77 trillion yuan ($3.85 trillion) by the end of May, data from the Asset Management Association of China showed.
By the end of May, a total of 10,890 public offering funds were being operated by 143 fund management companies, the association said.
The scale of closed-end funds neared 3.7 trillion yuan, with open-end funds at about 24 trillion yuan, the data showed.
Of the 143 fund management companies, 47 are foreign-funded and 96 are domestic firms, the association said.
