Mainland fund industry AUM surpasses 4 trillion RMB

16 December 2013   Category: News, Asia, China   By Asia Asset Management

The total AUM of China’s fund industry broke the 4 trillion RMB (US$634.9 billion) mark in November this year, according to figures released by the Asset Management Association of China (AMAC).

As of the end of November, the size of mutual funds overseen by Mainland asset managers amounted to 2.91 trillion RMB, which represented a growth of 1.8% year-on-year. Meanwhile, the size of the non-public raised funds, which includes enterprise annuities, segregated accounts, and fundamental pension funds, was 1.15 trillion RMB, an increase of 52.5% from 754.1 billion RMB a year earlier.

In November, money market funds and equities funds gained 100 billion RMB and 37.8 billion RMB in AUM respectively, while bond funds’ AUM shrank by 4.31 billion RMB. 

China currently has a total of 88 registered asset managers, 47 of which are Sino-foreign joint ventures and the remainder being domestic institutions.