BEIJING, May 23 (Xinhua)-- Total values of assets management business for clients of China’s 109 funds management firms reached 54.13 trillion yuan at the end of the first quarter, showing a quarter on quarter increase of 560 billion yuan, according to the statistics released by Asset Management Association of China.
Among them, the total market value of public offering funds managed by China’s fund companies reached 12.37 trillion yuan during the period. The asset management business in securities dealers, futures companies, and PE management institutions amounted to 16.46 trillion yuan, 189.9 billion yuan, and 12.04 trillion yuan respectively. (Edited by Ma Xin, maxin11@xinhua.org)
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