Briefly

Public offering fund value increases

Assets under the management of China's public offering funds totaled 30.78 trillion yuan ($4.33 trillion) by the end of April, up from 29.2 trillion yuan at the end of March, data from the Asset Management Association of China showed. By the end of April, a total of 11,868 public offering funds were being operated by 148 fund management companies, the association said. The scale of closed-end funds topped 3.82 trillion yuan, while that of open-end funds was about 26.95 trillion yuan, the data showed.

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