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 entire private fund industry, according to the China" class="entity-link entity-organization" data-entity-id="169718" data-entity-type="organization">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 23.66 trillion yuan, the association said. The sector has achieved record-breaking asset levels for 12 consecutive months, and added 1.51 trillion yuan in the first half of 2026.The issuance market also remains active. In June, 2,219 new private funds worth 109.16 billion yuan were registered, and securities products accounted for more than 60 per cent of this volume, the association’s data showed.