A man walks by a customer service center of China Asset Management Co., Ltd. located in the Financial Street in Xicheng District of Beijing, China on April 6, 2012. (Photo by Gong Lei/Xinhua)
BEIJING, Aug. 11 (Xinhua) -- China has witnessed a total of 1,047 batches of funds offered publicly by Monday this year, with their proceeds exceeding 1.9 trillion yuan, much higher than the 1.4 trillion yuan in 2019, reported Xinhua-run Xinhua Finance Wednesday.
After weathering volatilities in April and May, publicly-offered funds' primary market has gradually warmed up in China.
In June and July, publicly-offered funds raised 283.8 billion yuan and 244.1 billion yuan of capital respectively.
What's more, 288 batches of funds are being offered at present, not to mention the start of issuance of 98 more batches as from Wednesday.
Generally speaking, fund managers have pooled relatively sufficient money for them to invest in China's A-share market.
Since June, newly established stock investing funds and hybrid funds have raised 412.1 billion yuan of fund.
In future, there are two types of investment opportunities on China's A-share market, hidden in the emerging industries that have been prosperous for many years and industries whose market capitalization and morale have been at low levels, according to market players.
For instance, new energy sector, despite the recent downward corrections, turned out an attractive theme that has drawn many fund firms to establish funds of related themes in the second quarter and July. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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