Asset Management Association of China

The Asset Management Association of China (AMAC) is the self-regulatory industry association for China's fund management industry. It plays a crucial role in overseeing and developing the sector. Recently, AMAC has reported significant shifts in investor behavior and fund performance. In June, private securities investment funds surged past 8 trillion yuan (US$1.2 trillion), becoming a primary driver for the overall expansion of China's private fund industry. This growth contrasts with a decline observed in mutual funds in July, where net assets under management decreased by 560 billion yuan (US$83.3 billion). Investors are reportedly diversifying their portfolios, pulling funds from mutual funds, particularly amid a sell-off in semiconductor shares. AMAC's data highlights these dynamic changes, reflecting investor sentiment and market trends within China's rapidly evolving asset management landscape.