China’s Public Offering Funds Value Hits 27.25 Trillion Yuan

Assets under the management of China's public offering funds totaled 27.25 trillion yuan (about 3.95 trillion U.S. dollars) by the end of January 2023, data from the Asset Management Association of China showed.   By the end of last month, a total of 10,607 public offering funds were being operated by 142 fund management companies, the association said.   The scale of closed-end funds reached over 3.58 trillion yuan, while open-end funds stood at about 23.67 trillion yuan, the data revealed.   Of the 142 fund management companies, 47 were foreign-funded and 95 were domestic firms, the association said.