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China: Public offering finance volume exceeds USD3.35t
(MENAFN)Statistics from the Asset Management Association of China reveal that the scale of China's public offering funds had dropped month on month by the end of March.
According to the statistics, the net asset value of the finances hit 21.56 trillion yuan (about USD3.35 trillion), falling 221.85 billion yuan compared with the number logged in February.
By the end of March, public offering finances were worked by 134 fund management firms, of which 90 were local companies and 44 were joint ventures.
China's asset management sector has dropped its expansion in new years as authorities have tightened rules to control rising risks from wealth management products.
According to the statistics, the net asset value of the finances hit 21.56 trillion yuan (about USD3.35 trillion), falling 221.85 billion yuan compared with the number logged in February.
By the end of March, public offering finances were worked by 134 fund management firms, of which 90 were local companies and 44 were joint ventures.
China's asset management sector has dropped its expansion in new years as authorities have tightened rules to control rising risks from wealth management products.
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