Published: 13:59, May 29, 2022 | Updated: 14:11, May 29, 2022
China's public offering fund volume hits 25.52t yuan
By Xinhua

An investor is seen at a stock market in Nanjing, capital of east China's Jiangsu province, Jan 2, 2018. (SU YANG / XINHUA)

BEIJING - Assets under the management of China's public offering funds reached 25.52 trillion yuan (about $3.79 trillion) by the end of April, the latest data from the Asset Management Association of China showed.

As of the end of last month, a total of 9,761 public offering funds were operated by 138 fund management companies, according to the association, an industry body supervised by China's securities regulator.

In breakdown, the scale of closed-ended funds surpassed 3.15 trillion yuan, while that of open-ended funds stood at over 22.36 trillion yuan, the data showed.

ALSO READ: Scale of China's public offering funds hits record high

Of the 138 fund management companies, 45 are foreign-funded while 93 are domestic firms, the association said.