Funds perform well in Q3

As of November the 9th, China had issued 109 funds collecting nearly 269 billion yuan in capital. The figures far exceed the total for last year, which stood at 203 billion yuan.

With the stock market rebound this year, the scale for funds issuance increased on a quarterly basis. The third quarter capital collection increased by 52 percent over the second quarter of this year. While three funds have exceeded ten million shares in their first issuing period.

Since October, two newly established funds have collected an average of 4.6 billion yuan, surpassing the average amount in the third quarter.