Data from the China Asset Management Association
Data from the China Asset Management Association showed that by the end of June, the total assets under management of IPO funds in China had reached 27.69 trillion yuan (about $3.88 trillion).
Total Number of IPO Funds and Fund Management Companies in China
By the end of June, a total of 10,980 IPO funds were managed by 144 fund management companies, according to the association.
Volume of Closed-End and Open-Ended Funds
The data showed that the volume of closed-end funds approached 3.75 trillion yuan, while the volume of open-ended funds amounted to about 23.9 trillion yuan.
Foreign and Local Fund Management Companies
The association said that among the 144 fund management companies, 48 ​​are funded from abroad and 96 are local.
