Equity mutual funds raised 56.4 billion yuan (US$7.8bil) in the first two months of the year. — Bloomberg
BEIJING: The excitement over China’s technology development that pushed the nation’s stocks to outshine their global peers has attracted a substantial inflow of money from retail investors at home.
Equity mutual funds raised 56.4 billion yuan (US$7.8bil) in the first two months of the year, a five-fold increase from the same period last year and the biggest amount since 2021, according to Bloomberg calculations based on Morningstar Direct data.
