Chinese investors rush into private funds, pouring US$1.2 trillion into securities

China’s private securities investment funds surpassed 8 trillion yuan (US$1.2 trillion) for the first time at the end of June, emerging as the core engine driving the expansion of the country’s private fund industry, according to the Asset Management Association of China. Propelled by the huge growth in securities funds, assets under management in the broader private fund industry hit a record 23.