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China's public fund assets slightly dip to USD3.85tr

China’s public offering funds’ assets under management totaled CNY27.36tr (approximately USD3.85tr) in January, as reported by the Asset Management Association of China. This represents a slight decrease from the CNY27.6tr recorded in 2023. The breakdown shows closed-end funds at about CNY3.79tr, with open-end funds accounting for CNY23.57tr. Among the 145 fund management companies operating in China, 49 are foreign-funded, while 96 are domestically based, according to the association’s data. This financial snapshot indicates a minor contraction in the market size of China’s public offering funds at the start of the year.


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