BEIJING, July 3 (Xinhua) — Assets under the management of China’s public offering funds totaled 27.77 trillion yuan (about 3.85 trillion U.S. dollars) 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.