BUSINESSMay 29 · 01:00 UTCSCMP WORLDKaren Tian

China’s private funds see assets soar by over US$400 billion amid tech boom

China’s private fund industry reached 23.46 trillion yuan (US$3.46 trillion) in assets under management by April, up from 20.22 trillion yuan a year earlier, driven by rebounding market confidence and increased technology investments.

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