Mutual Fund Assets in China Hit 39.32 Trillion Yuan by End of September

On November 5, the Asset Management Association of China released data showing that as of September 2026, the total net asset value of China's public mutual funds reached 39.32 trillion yuan, a 0.79% decline from August, while total shares increased to 33.98 trillion units. In terms of structure, bond funds saw significant expansion, with net assets rising by approximately 666.1 billion yuan to 12.64 trillion yuan and shares increasing by 539.1 billion units; money market fund net assets fell to 15.80 trillion yuan. Both equity and hybrid funds experienced pullbacks in net value, decreasing by roughly 247.3 billion yuan and 220.5 billion yuan respectively, though equity fund shares increased against the trend. Overall, September saw a clear shift of capital toward bond assets.