Chi­na’s pri­va­te­ly of­fe­red funds top 14 trln yu­an in 2019

Times of Suriname - - PANORAMA -

BEIJING ­ Chi­na’s pri­va­te­ly of­fe­red funds re­a­ched 14.08 tril­li­on yu­an (about 1.99 tril­li­on US dol­lars) by the end of 2019, in­du­stry as­so­ci­a­ti­on da­ta showed. The fi­gu­re was up 1.38 tril­li­on yu­an, or 10.87 per­cent, from the end of 2018, ac­cor­ding to the As­set Ma­na­ge­ment As­so­ci­a­ti­on of Chi­na (AMAC).

By the end of De­cem­ber, the num­ber of re­gis­tered pri­va­te­ly of­fe­red funds re­a­ched 81,710, ri­sing 9.47 per­cent from the end of 2018, ac­cor­ding to the AMAC. So­me 24,471 se­cu­ri­ties, fu­tu­res tra­ding and ven­tu­re ca­pi­tal in­sti­tu­ti­ons ma­na­ged the­se funds as of the end of 2019, AMAC da­ta showed. Es­ta­blis­hed in 2012, AMAC is a self­re­gu­la­to­ry or­ga­ni­za­ti­on that re­pre­sents the mu­tu­al fund in­du­stry of Chi­na.

(Xin­hua)

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