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在线翻译:
szdaily -> News -> 
SZ firms manage 1/4 of China’s mutual funds
    2022-11-25  08:53    Shenzhen Daily

THE size of mutual funds managed by fund management companies in Shenzhen reached 6.77 trillion yuan (US$947.8 billion) by the end of August this year, accounting for 25.95% of the country’s total, according to statistics from Shenzhen’s securities regulatory authority, Shenzhen Economic Daily reported Thursday.


By the end of September this year, Shenzhen had 32 mutual fund management companies registered in the city, ranking second only to Shanghai nationwide.


Funds under management have always been an important measure in evaluating the asset management industry.


According to data from 10JQKA.com, a Chinese internet financial data service provider, there are eight fund management companies in Shenzhen that each manage nonmonetary funds of over 100 billion, four of which rank among the top 10 in the country.


The city’s securities regulatory authority has also been actively encouraging and guiding the city’s fund management companies to develop equity funds in recent years. An equity fund, or stock fund, is a fund that mainly invests in stocks.


The size of equity funds managed by fund management companies in Shenzhen had increased from 11.4 billion yuan in 2018 to over 350 billion yuan in 2021, a 31-fold increase in three years, statistics showed.


The size of Shenzhen’s privately offered fund industry has also kept increasing in the past five years, with the average annual growth of the number of privately offered funds and the size of funds under management reaching 13% and 8%, respectively.


By the end of 2021, Shenzhen had 19,783 privately offered funds managing 2.27 trillion yuan in assets. The number and size of the funds accounted for 15.9% and 11.5% of the total privately offered funds in the same period in China, ranking second and third in the country.


Shenzhen has created many institutional and product innovations in its fund industry in recent years. For instance, the majority of newly established fund companies in Shenzhen in recent years are companies whose major shareholders are natural persons. The city’s companies have been active in launching exchange-traded funds (ETFs) and real estate investment trusts (REITs).


Additionally, Shenzhen has 400 companies listed on the Chinese mainland’s stock exchanges so far. As of Oct. 23, the total market value of Shenzhen’s listed companies reached 8.5 trillion yuan, according to Shenzhen Special Zone Daily.


Among the 400 listed companies, 186 were listed on the Shenzhen Stock Exchange’s main board, 146 on ChiNext, 23 on the Shanghai Stock Exchange’s main board, 39 on the sci-tech innovation board, and six on the Beijing Stock Exchange. The number of Shenzhen enterprises listed on ChiNext ranks first in Chinese large and medium-sized cities.


(Zhang Yu)

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