Data published on the official WeChat account of the Asset Management Association of China on Thursday shows that by the end of May, the total assets of domestic publicly offered funds reached 13.41 trillion yuan, an increase of 478.123 billion yuan from the previous month, setting a new historical record; money market funds continued to contribute the vast majority of this growth.
By the end of May, the scale of publicly offered money market funds was 8.29 trillion yuan, an increase of 454.088 billion yuan from the previous month, while equity funds and hybrid funds both grew by approximately 10 billion yuan during the month, with their scales reaching 804.247 billion yuan and 1.675 trillion yuan respectively by the end of May.
As of the end of May, there were 116 domestic public fund management companies, including 44 Sino-foreign joint ventures and 72 domestic-funded companies; there were 13 securities companies or their asset management subsidiaries, and 2 insurance asset management companies that have obtained the qualification for public fund management.
