China’s public offering funds value hits 27.29t yuan

An investor is seen at a stock market in Hangzhou, capital of east China's Zhejiang province, Jan 2, 2018. (PHOTO / XINHUA)

BEIJING – Assets under the management of China's public offering funds totaled 27.29 trillion yuan (about $3.86 trillion) 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.

ALSO READ: China's public offering fund value hits 26.55 trillion yuan

Of all the fund management companies, 47 were foreign-funded and 96 were domestic firms, the association said.