According to data from the China Securities Investment Fund Association, as of the end of December 2023, there are a total of 145 fund management companies in China, including 49 foreign-invested fund management companies (including Sino-foreign joint ventures and wholly foreign-owned enterprises) and 96 domestic fund management companies. There are also 12 securities companies or securities asset management subsidiaries that have obtained public fund management qualifications, as well as 1 insurance asset management company. The total net value of public fund assets managed by these institutions is 27.60 trillion yuan.