Publicly Offered Funds See Assets Increase 13% in 2019 as China Pushes for Greater Long-term Investment

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The assets of publicly offered funds in China saw robust growth in 2019, with Beijing continuing to push for an increase in long-term investment levels.

Data from the Asset Management Association of China (AMAC) indicates the assets of publicly offered funds in China hit a historic high of approximately 14.8 trillion yuan as of the end of 2019, for a YoY increase of 1.7 trillion yuan, or 12.97%.

The assets of share investment funds in China is fast approaching 1.3 trillion yuan.

Since the start of 2020 key figures from the Chinese central government have signalled the critical importance of lifting long-term investment on China’s capital markets.

On 12 January Pan Gongsheng (潘功胜) said at the “2020 China Economic Trends Annual Meeting” (2020中国经济趋势年会) that in recent years foreign investment in China’s bond and stock markets had markedly increased, to emerge as one of the distinctive features of China’s cross-border capital flows.

On 11 January Yan Qingmin (阎庆民), vice-chair of the China Securities Regulatory Commission (CSRC), said at the 12th China Capital Markets Forum (中国资本市场论坛) that “comprehensive reforms of capital markets” had achieved an “outstanding start.”

According to Yan the focus in future needs to be the “balanced growth of investment and finance, driving more medium and long-term funds to enter the market, and expediting a strengthening of the wealth management capability of sector institutions.”

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