The private mutual funds in China reached a sum of RMB 11.76 trillion by the end of January, according to a report by the China Securities Journal today.
Data by the Asset Management Association of China (AMAC) showed that as of the end of January, there were 22,883 private mutual fund firms in China, operating a total of RMB 11.76 trillion, a sharp increase of RMB 660 billion from the end of December. For the same period, the registered private mutual funds had increased by 2,668 to reach 69,086.
By the end of January, the registered securities fund firms totaled 8,575, up by 108 from the end of December; companies operating equity funds and venture capital funds reached 13,531, 331 more than the preceding month; those managing other types of funds amounted to 777, two less than the end of December.
In January, equity funds and venture capital funds experienced flat performances, while securities funds were the biggest contributors, which surged up due mainly to the robust performance of the A-share market. Other types of private funds also made great strides.
By the end of January, the registered securities funds totaled 35,189, an impressive addition of 2,973 compared to the end of December, overseeing RMB 2.61 trillion; equity funds and venture capital funds amounted to 27,447, shrinking by 1,018 from the end of December, covering a total of RMB 7.09 trillion; other types of funds totaled 6,450, up by 713 from the end of December, managing RMB 2.07 trillion.
Amid these robust performances, strong players grew even stronger. Over 200 firms each managed a minimum of RMB 10 billion.
Of all the players in the private mutual fund sector, 208 firms each managed a minimum of RMB 10 billion, and 244 each managed a total capital ranging from RMB five billion to RMB ten billion.
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