Briefly

Privately offered funds expand in April

The size of China's privately offered funds stood at 20.75 trillion yuan ($2.95 trillion) at the end of April, according to data from an industry association. This was 2.05 percent higher than the previous month, according to the Asset Management Association of China. The number of registered privately offered funds exceeded 153,700 as of the end of April, and 22,270 institutions managed these funds, the data showed.

Postal sector charts steady growth

China's postal industry expanded steadily in both business revenue and parcel volume in the first four months of this year, official data showed. The sector raked in 473.21 billion yuan ($67.45 billion) in business revenue during the period, up 12.1 percent year-on-year, according to the State Post Bureau. In April alone, business revenue of the sector totaled 116.99 billion yuan, a year-on-year growth of 23 percent. China's express delivery service companies handled 37.1 billion parcels from January to April, a year-on-year increase of 17 percent. Their business revenue jumped 12.2 percent from a year ago to 351.44 billion yuan during the period. In April, the business revenue of the express service industry increased 24.9 percent from a year ago to stand at 92.49 billion yuan.

Xinhua - China Daily