Assets under the management of China's public offering funds totaled 27.25 trillion yuan ($3.95 trillion) by the end of January 2023, an increase of 1.22 trillion yuan from the end of last year, data from the Asset Management Association of China showed. The figure surged back to above 27 trillion yuan for the first time after four months.

The scale of closed-end funds reached over 3.58 trillion yuan, while open-end funds stood at about 23.67 trillion yuan, the data revealed.

By the end of January, a total of 10,607 public offering funds were being operated by 142 fund management companies, of which 47 were foreign-funded and 95 were domestic firms, the association said.

(Source: Xinhua with edits, cover via CFP)