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 Silk Road Database
Industry

Scale of China's public offering funds hits record high

February 01, 2021


Abstract : The scale of China's public offering funds hit a record high by the end of 2020, data from the Asset Management Association of China showed.

BEIJING, Jan. 31 (Xinhua) -- The scale of China's public offering funds hit a record high by the end of 2020, data from the Asset Management Association of China showed.

The total assets managed by the funds reached 19.89 trillion yuan (about 3.08 trillion U.S. dollars) by the end of December, according to the association.

The public offering funds were operated by 132 fund management companies, of which 88 were domestic firms, and the rest were joint ventures.

China's asset management industry expanded at slower paces in recent years as authorities tightened regulations to contain risks arising from wealth management products.

In 2017, draft guidelines unified rules covering asset management products issued by all types of financial institutions, requiring them to set leverage ceilings. Enditem

Scan the QR code and push it to your mobile phone

Keyword: IPO financial marekt

Reading:

China's non-manufacturing PMI drops in January

World Insights: FTA upgrade with China applauded in New Zealand

China's Bond Connect program sees record average daily turnover

China Duty Free Group reports profit growth in 2020

Everbright Securities reports robust revenue, profit growth in 2020

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.

Identifying code 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