Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
News for Outlets

NAV of publicly offered funds approaches RMB17 trln in China by end March

April 22, 2020


Abstract : Net asset value (NAV) of publicly offered funds in China hit a new all-time-high of 16.64 trillion yuan by the end of March, according to data released by Asset Management Association of China (AMAC) Tuesday.

BEIJING, April 22 (Xinhua) -- Net asset value (NAV) of publicly offered funds in China hit a new historic high of 16.64 trillion yuan by the end of March, according to data released by Asset Management Association of China (AMAC) Tuesday.

In spite of a growth pace slower than February, the figure renewed historical highs for four consecutive months even when epidemic-driven panic once doomed the global capital market.

Statistics from AMAC showed that the NAV of publicly offered funds in China grew 276.852 billion yuan in March, up 1.69 percent over February, with their fund shares up 3.26 percent month on month to 15.57 trillion.

Since March, many publicly offered fund products saw their NAV bounce up and down drastically due to the volatile capital market, but part of them actively hunted for bargain stocks, crude oil futures and overseas bond funds.

As sector portal Chinafund.com reported, stock funds shares ballooned nearly 100 billion in March and qualified domestic institutional investors (QDII) funds shares even surged more than 20 percent over February.

By the end of 2019, NAV of publicly offered funds in China stood at 14.78 trillion yuan and in the first quarter, the figure expanded more than 10 percent over the end of last year. (Edited by Duan Jing, duanjing@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: publicly offered funds

Reading:

China to free up more funds to better serve small firms

Economic Watch: With key rate cuts, China ramps up stimulus to bolster economy

12 banks in central China's Hubei provide 34 bln yuan credit support for major enterprises

LONGi cuts price of monocrystalline silicon wafers thrice in a month, prelude to eliminate outdated capacity

China approves four new IPOs

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial