Scale of China's confidentially provided funds nears USD2.48t
(MENAFN) Industry association statistics reveals that the scale of Chinas secretly presented finances hit 15.97 trillion Yuan (about USD2.48 trillion) at the end of 2020. According to the Asset Management Association of China, some 24,561 organizations managed these funds by the end of last year, with the total number of registered privately offered funds hitting 96,852. In December alone, the association witnessed 3,609 recently reported privately offered funds, up 945 funds or 35.47 percent f...
Source: menafn.com