Scale of China's public offering funds slightly expands

Beijing, October 31 (Xinhua): The scale of China's public offering funds registered a slight expansion at the end of September, data from the Asset Management Association was shown from China.

Total assets administered by the funds increased by 6.46 billion yuan (approximately 960.45 million US dollars) at 17,805 trillion yuan at the end of September, According to the association.

At the end of last month, a total of 7,644 public offering funds were operated by fund management entities in the country.

China's asset management industry expanded more slowly in recent years as the authorities joined the regulations to contain risks derived from the products of Management of wealth.

In 2017, deleting the guidelines that cover the unified asset management products issued by all types of financial institutions, which require them to establish leverage ceilings. Enditem follow by on Twitter and Facebook to join the conversation. Download applications from ChinaNews

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