China’s privately offered funds hit 19.64 trillion yuan by end-September

The value of China's privately offered funds stood at 19.64 trillion yuan (about 2.76 trillion U.S. dollars) at the end of September, industrial data shows. A breakdown of the total reveals that equity investment funds, with a total value of 10.89 trillion yuan, were the largest category, followed by securities' investment funds and venture investment funds, according to the Asset Management Association of China. By the end of last month, the number of registered privately offered funds reached 147,566, Xinhua reported, quoting the association figures. Established in 2012, the association is a self-regulatory organisation that represents China's mutual fund industry Source: Emirates News Agency