China’s mutual fund volume over $2.7 trillion

BEIJING: The scale of China’s mutual funds reached 18.31 trillion Yuan (about $2.78 trillion) by the end of October this year, data from the Asset Management Association of China showed, CGTN reported on Sunday.
The total assets managed by the funds marked an increase of 2.87 percent from the scale reported at the end of September, according to the association.
At the end of last month, a total of 7,682 mutual funds were operated by fund management entities in the country.
According to the association, the mutual funds were operated by 131 fund management companies, of which 87 were domestic firms, and the rest were joint ventures.
–The Daily Mail-CGTN News exchange item