China’s public offering fund value hits 26.55 trillion yuan

In this file photo taken on Jan 2, 2018, an investor is seen at a stock market in Nanjing, capital of east China's Jiangsu province. (SU YANG / XINHUA)

BEIJING – Assets under the management of China's public offering funds totaled 26.55 trillion yuan ($3.82 trillion) by the end of Oct, data from the Asset Management Association of China shows.

By the end of Oct, a total of 10,270 public offering funds were being operated by 140 fund management companies, the association said.

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The scale of closed-end funds neared 3.38 trillion yuan, with open-end funds at about 23.17 trillion yuan, the data shows.

Of the 140 fund management companies, 45 are foreign-funded and 95 are domestic firms, the association said.