China“s private fund industry tops 23 trillion yuan, setting fresh record

2026.06.01 China's private fund industry reached a record 23 trillion yuan (US$3.2 trillion) in assets under management at the end of April, according to the latest data from the Asset Management Association of China. The figure marks the seventh consecutive month in which the sector has set a new record. Securities-focused private funds were the main driver of growth. Newly registered private securities investment funds exceeded 60 billion yuan in April, according to the data. Market participants cited declining risk-free yields and signs of improvement in the broader economy as factors encouraging both household and institutional investors to allocate more capital to financial markets. The data suggests that investor appetite for market-linked assets remains resilient as China seeks to support growth and revive confidence in its capital markets.