BUSINESS China's privately offered funds expand in December

BUSINESS

China's privately offered funds expand in December

Xinhua

14:17, January 24, 2023

BEIJING, Jan. 24 (Xinhua) -- The scale of China's privately offered funds stood at 20.03 trillion yuan (about 2.96 trillion U.S. dollars) at the end of December, according to data from an industry association.

Photo taken on Sept. 9, 2020 shows the view of the skyscrapers of the Central Business District (CBD) in Beijing, capital of China. (Photo: Xinhua)

The volume edged up 22.09 billion yuan, or 0.11 percent, from the previous month, according to the Asset Management Association of China (AMAC). The number of registered privately offered funds came in at 145,048.

In breakdown, the size of securities, private equity, and venture investment funds were 5.56 trillion yuan, 10.94 trillion yuan, and 2.83 trillion yuan, respectively.

Established in 2012, the AMAC is a self-regulatory organization that represents China's mutual fund industry.

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