Global EditionASIA 中文双语Français
Business
Home / Business / Finance

China's public offering fund value tops 30.9t yuan in August

Xinhua | Updated: 2024-10-03 09:38
Share
Share - WeChat
A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. [Photo/Xinhua]

BEIJING - The net value of assets under the management of China's public offering funds topped 30.9 trillion yuan ($4.41 trillion) at the end of August, according to data from the Asset Management Association of China.

By the end of August, 163 management companies were operating a total of 12,132 public offering funds, according to the data.

Open-end funds, including equity, bond and money market funds, reported an asset value of nearly 27.07 trillion yuan, accounting for the lion's share of the total. The scale of closed-end funds came in at nearly 3.84 trillion yuan.

China's securities watchdog recently pledged to boost public equity funds as part of the efforts to encourage medium and long-term capital to enter the capital market.

Efforts will be made to continuously improve the scale and proportion of equity funds and create long-term and stable returns for investors, according to the China Securities Regulatory Commission.

The value of public equity funds stood at 3.29 trillion yuan at the end of August.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE