Source: China State Council Information Office
The scale of China’s public offering funds newly issued in 2020 has exceeded 3 trillion yuan (about US$459.3 billion).
A total of 1,332 public offering funds were set up by Dec. 16 this year. Of these, 31 have seen their return rates over 50% since issuance, according to data from financial information provider Wind.
The average return rate of the newly issued funds was 7.83% by Dec. 15, and that of the stock funds was 16.29%, Wind data showed.
New energy vehicles were one of the hot investment areas during the year, said Wind.