China's public offering fund volume hits 25.52 trln yuan

Assets under the management of China's public offering funds reached 25.52 trillion yuan (about 3.79 trillion U.S. dollars) by the end of April, the latest data from the Asset Management Association of China showed.

As of the end of last month, a total of 9,761 public offering funds were operated by 138 fund management companies, according to the association, an industry body supervised by China's securities regulator.

In breakdown, the scale of closed-ended funds surpassed 3.15 trillion yuan, while that of open-ended funds stood at over 22.36 trillion yuan, the data showed.

Of the 138 fund management companies, 45 are foreign-funded while 93 are domestic firms, the association said.