Scale of China's secretly provided finances reaches USD2.64t
( MENAFN ) Industry association statistics revealed that China's confidentially offered finances managed a total of 17.22 trillion yuan (about USD2.64 trillion) by the end of last month.
An industry body controlled by China's securities watchdog stated that the number increased 58.8 billion yuan or 0.34 percent from the end of the previous month, according to the Asset Management Association of China (AMAC).
According to the AMAC, China had 102,852 confidentially provided finances at the end of last month, it increased 2,084 or 2.07 percent from the end of February.
AMAC statistics revealed that by the end of last month, the number of organizations that ran these finances dropped 0.37 percent month on month to 24,533.
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