China had over 100 fund management firms that managed 6.64 trillion yuan of publicly offered funds by the end of August, down 2 and 0.24 trillion yuan respectively from the end of July, statistics showed on Monday.
Statistics released by the Asset Management Association of China also showed that the fund management firms had issued 2,502 kinds of fund products by the end of August, up 51 from the end of July The total included 569 stock funds, 1,061 hybrid funds and others.
By August 31, total net asset value of closed-end funds managed by the fund management firms had amounted to 152.73 billion yuan and that of open-end funds had come to 6.48 trillion yuan, both posting decline from the end of July.
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