On May 23, the Asset Management Association of China issued a statement stating that as of the end of April 2024, there were a total of 148 fund management companies in China, including 51 foreign-funded fund management companies (including Sino-foreign joint ventures and wholly foreign-owned enterprises) and 97 domestic fund management companies. There were also 13 securities companies or their asset management subsidiaries and 1 insurance asset management company that have obtained qualifications for managing public funds. The total net asset value of public funds managed by these institutions is 30.78 trillion yuan.