2021 saw the launch of an unprecedented number of new mutual fund products in China, despite the global economic and financial turmoil created by the ongoing spread of the COVID-19 pandemic.
As of 27 December China had seen the establishment of 1847 new mutual funds products in 2021, for an increase of 466 compared to 2020 and a new record high, according to figures from Securities Daily.
A total of 2.95 trillion yuan in funds was raised however, for a gap of 172.7 billion yuan compared to the figure for 2020.
In 2021 only 22 new mutual funds exceeded 10 billion yuan in scale, as compared to 40 in 2020 and 26 in 2019.
1353 of the new mutual funds established in China in 2021 were equity funds, accounting for around 70% of the total, and raising approximately 1.68 trillion yuan.