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

Xinhua Credit
Industry

NAV of publicly-offered funds reaches RMB 17.78 trln in China by end April

May 20, 2020


Abstract : Net asset value (NAV) of publicly-offered funds mounted up to an all time high at 17.78 trillion yuan by the end of April, reported Securities Times citing data released by Asset Management Association of China (AMAC) Wednesday.

BEIJING, May 20 (Xinhua) -- The net asset value (NAV) of publicly-offered funds mounted up to an all time high at 17.78 trillion yuan by the end of April, reported Securities Times citing data released by Asset Management Association of China (AMAC) Wednesday.

These publicly-offered funds were managed by 129 fund management companies, 12 securities firms and their asset management subsidiaries qualified for publicly-offered fund management and two insurance asset management companies.

Compared with the end of March, NAV of publicly-offered funds grew 1,146.091 billion yuan or 6.89 percent, with their aggregate fund shares up 5.17 percent from 15.57 trillion to 16.38 trillion by the end of April.

Previously in March, NAV and fund shares of publicly-offered funds rose 1.69 percent and 3.26 percent over February.

Since October 2019, April marked the seventh straight month of NAV growth and the largest month-on-month NAV growth for publicly-offered funds in China.

Analysts attributed the size growth to the upward trend of stock market despite its volatility and bullish bond market given the favorable interest rate environment at present. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: NAV publicly-offered funds

Reading:

The virtual roadshow starts in Asia and Australia for the companies listed on Piazza Affari

Over 90 pct of SMEs in China resume operation: ministry

Commercial bank loans and NPL both rise in the first quarter, says BOT

China Focus: Online visit, hometown travel: Tourism seeking paths out of virus doldrums

China's central bank pledges stronger counter-cyclical measures

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