Global EditionASIA 中文双语Français
Business
Home / Business / Finance

China's private funds hit $1.85 trillion

Xinhua | Updated: 2018-02-18 19:28
Share
Share - WeChat

BEIJING -- China's private investment funds amounted to 11.76 trillion yuan (about $1.85 trillion) at the end of last month, up by 660 billion yuan in January, data from the Asset Management Association of China (AMAC) showed.

The sector picked up speed from a 100-billion-yuan increase in the previous month.

Funds for securities expanded to 2.61 trillion yuan as of January, up by 320 billion yuan from the previous month, while those for private equities and venture capital stood at nearly 7.09 trillion yuan, AMAC data showed.

By the end of January, the number of private fund managers climbed to 22,883, up by 437 from the end of 2017, despite total employees in the sector shrinking 33,700 year on year to 238,300 as of December 2017.

In November last year, draft guidelines unified rules covering asset management products issued by all types of financial institutions, requiring them to set leverage ceilings.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE