The assets under the management of China's public offering funds reached 27.36 trillion yuan (about $3.85 trillion) in January, data from the Asset Management Association of China showed.

Compared to 2023, the figure went down from 27.6 trillion yuan, the association said.

The scale of closed-end funds stood at about 3.79 trillion yuan, while that of open-end funds was 23.57 trillion yuan.

Of the 145 fund management companies, 49 are foreign-funded and 96 are domestic firms, the data showed.