China's privately offered funds hit 20.61t yuan

BEIJING - The value of China's privately offered funds stood at 20.61 trillion yuan ($2.90 trillion) at the end of November, industrial data shows.

The figure was up from 20.59 trillion yuan a month ago, according to the Asset Management Association of China.

A breakdown of the total shows that equity investment funds, with a total size of 11.12 trillion yuan, were the largest category, followed by stock investment funds and venture investment funds.

The number of registered privately offered funds stood at 153,698 by the end of November, and 21,699 institutions managed these funds.

Established in 2012, the association is a self-regulatory organization that represents China's mutual fund industry.