China's private fund assets hit record US$3.46 trillion fueled by tech investment boom
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Summary
China's private fund industry reached a record high of 23.46 trillion yuan (US$3.46 trillion) in assets under management as of April, up from 20.22 trillion yuan a year earlier. The growth is driven by rebounding market confidence and a surge in technology-related investments across private equity, venture capital, and private securities investment funds.
Key quotes
· 3 pulledChina's private fund industry has seen its assets under management climb to a record high, buoyed by rebounding market confidence and a surge in technology-related investments.
The nation's private investment funds had assets totalling 23.46 trillion yuan (US$3.46 trillion) as of the end of April, up from 20.22 trillion yuan a year earlier.
The industry – which spans private equity, venture capital and private securities investment funds – is a vital part of China's capital market, which propels the growth of a
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