BEIJING, May 29 (Xinhua) — Assets under the management of China’s public offering funds totaled 27.29 trillion yuan (about 3.86 trillion U.S. dollars) at the end of April, data from the Asset Management Association of China showed.
The scale of closed-end funds reached 3.67 trillion yuan, while open-end funds stood at about 23.62 trillion yuan, the association said. A total of 10,813 public offering funds were operated by 143 fund management companies.
Of all the fund management companies, 47 were foreign-funded and 96 were domestic firms, the association said.