Briefly

Privately offered funds fare well

Assets managed by China's privately offered funds rose by 0.07 percent on a monthly basis to 14.35 trillion yuan ($2 trillion) by the end of May, according to the Asset Management Association of China. The total number of registered privately offered funds rose by 0.37 percent on a monthly basis to 85,700 by the end of May. Some 24,584 institutions managed the funds, down by 0.06 percent from the previous month, the data showed. Established in 2012, the association is a self-regulatory organization representing the mutual fund industry of China.

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