China’s private fund market surges to $2.76t

The value of China’s privately offered funds reached 19.64 trillion yuan (approximately $2.76 trillion) by the end of September, as per an announcement made by the Asset Management Association.

Equity investment funds emerged as the largest category, accounting for 10.89 trillion yuan of the total. Securities investment funds and venture investment funds followed closely behind.

The number of registered privately offered funds also saw significant growth, reaching 147,566 by the end of September.

Attribution: WAM

Subediting: Y.Yasser