Chinese public fund size increased 6% in November to 11.4 trillion yuan

According to the official WeChat disclosure data of the China Association of Foundry Industry, by the end of November, the scale of assets of China's public funds reached 11.41 trillion yuan, an increase of 68.532 billion yuan or 6% over the previous month, of which the monetary fund was still the absolute main force of the growth of public fund assets.

Data show that at the end of November the net assets of the currency fund reached 6.8044526 trillion yuan, an increase of 122.668 billion yuan from the previous month; bond funds increased by 9.04 billion yuan to 1.363502 trillion yuan.

In November, the stock market in China plummeted, causing the net worth of equity funds to have shrunk. The net worth of partial stock funds dropped 1.4% to 7,462.9 billion yuan. The net value of hybrid funds dropped 3.6% to 1.792729 trillion yuan.

As of the end of November, there were 113 fund management companies in China, including 45 Sino-foreign joint ventures and 68 domestic-funded companies; a total of 12 securities companies or securities companies qualified for public fund management and 12 insurance asset management companies.