China Mutual Funds Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

China Mutual Funds Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The China Mutual Funds Market is anticipated to register a CAGR of 3.2% over the next 5 years. China's mutual fund has seen rapid growth in the past few years. As of December 2022, total assets under management (AUM) in mutual funds reached 26.03 trillion yuan ($3.85 trillion), almost doubling the amount from three years earlier.

China's mutual fund industry has grown into the fourth biggest in the world, achieving major headway in serving the real economy and managing household wealth in recent years. The amount marked a 160 percent jump from the end of 2016 to the end of 2021 worldwide, when the industry's AUM ranked ninth globally.

The COVID-19 outbreak moderately affected the Chinese market for mutual fund assets. Customers took advantage of mutual fund offers through online platforms, as lockdowns in various areas negatively hampered consumer travel and disrupted businesses worldwide.

Chinese markets are also experiencing a shift in consumer attitudes towards financial instruments and away from holding individual stocks, real estate, and bank deposits. China’s capital markets are experiencing a transformation, with global holdings of Chinese stocks and bonds already jumped by about US$120bn in 2021 and still growing rapidly to cater to the demands for new asset allocation and diversification.

Population demographics and wealth creation in China have not only led to domestic advances in the financial instruments available. Still, they have also had the knock-on effect of attracting more foreign investment to meet the needs of a growing and eager consumer base.

Since 2013, China has consistently ranked second in the world for the value of assets owned by mutual funds. In 2021, the total net assets of China mutual funds were over 3.53 trillion dollars, a significant increase from the year before.

The asset size of the mutual fund (MF) industry increased due to the robust performance of the equity markets and net inflows to equity schemes. From 2018 to 2021, the China Mutual Funds industry experienced significant growth. Compared to 2018, the industry grew at a rate of 99.44 percent in 2021.

The report includes an overview of MF companies operating across China. We wish to present detailed profiling of a few major companies, which cover product offerings, regulations governing them, their headquarters, and financial performance. Currently, some major players dominating the market are abrdn China A Share Equity, BlackRock China A Opportunities Fund, Matthews China Dividend Fund, AMG Veritas China Fund, and Add Company LinkNeuberger Berman Greater China Eq Fd.

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support