BEIJING, May 23 (Xinhua) -- The scale of China’s privately offered funds had exceeded 12 trillion yuan by the end of March, according to statistics released by Asset Management Association of China (AMAC) on Tuesday.
As of the end of March, registered privately offered fund managers had amounted to 23,400, and 210 of the funds had seen their scale reach 10 billion yuan.
Hong Lei, chairman of the AMAC, noted that as the second largest economy in the world, China is providing a brand new market for the development of privately offered funds at home and abroad. (Edited by Zhang Yuan, zhangyuan11@xinhua.org)
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