China’s private sector funds expanded to 20.75 trillion yuan (about $2.95 trillion) at the end of May.
According to the Chinese news agency Xinhua, this figure was 2.05 per cent higher than the previous month, based on data released yesterday by the Chinese Asset Management Association.
The number of registered funds offered by the private sector exceeded 153,700 as of the end of last April, while 22,270 managed the funds’ institutions.
In a related context, China’s bond issues totaled 5.46 trillion yuan (about $755.63 billion) last May, according to official data released by the Chinese central yesterday.
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