EconomyChip sell-off boosts China’s private funds as US$83.3 billion leaves mutual funds
China’s private funds expanded their managed assets last month as mutual funds contracted, with investors diversifying during a sell-off in semiconductor shares. Domestic mutual funds lost 560 billion yuan (US$83.3 billion), or 1.4 per cent month on month, in July, bringing net assets to 39.11 trillion yuan and ending a four-month growth streak.
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South China Morning Post★★★☆☆2026-08-27 04:00Original
Chip sell-off boosts China’s private funds as US$83.3 billion leaves mutual funds
Economy