China News Service, Beijing, August 30 (Reporter Xia Bin) Yi Hui, chairman of the China Securities Regulatory Commission, delivered a speech when attending the third member representative meeting of the Fund Industry Association in Beijing on the 30th and revealed that in terms of public funds, as of the end of July this year, The scale of assets under management reached 23.5 trillion yuan (RMB, the same below), an increase of 1.6 times compared with the end of 2016, from the ninth in the world to the current fourth in the world.

  Among them, the number of equity fund products and the scale of management reached 5,140 and 7.7 trillion yuan respectively, an increase of 1.2 times and 1.8 times respectively, both hitting historical highs.

  At the same time, China has fully liberalized the restrictions on the foreign shareholding ratio of fund companies. China-Japan ETF exchanges and Shanghai-Hong Kong ETF exchanges have been launched one after another, and the fund industry has taken important steps in opening up to the outside world.

  Yi Huiman also said that in terms of private equity funds, the scale of private equity investment funds, private equity and venture capital funds reached 5.5 trillion yuan and 12.6 trillion yuan, respectively, which were doubled and doubled from the end of 2016.

The scale of private equity and venture capital funds ranks second in the world.

The number of employees in the entire fund industry has grown rapidly, with more than 820,000 registered employees.

  Yi Huiman pointed out that private equity and venture capital funds have a very important basic and strategic role in promoting the formation of innovative capital, supporting technological innovation and industrial restructuring, and helping to increase the proportion of direct financing.

As of the end of June this year, private equity funds invested 7.6 trillion yuan in capital in various equity projects, of which the capital invested in small and medium-sized enterprises, high-tech enterprises, seed stage and initial stage enterprises accounted for 28%, 26% and 33% respectively.

  He further stated that since the pilot registration system, more than 80% of the sci-tech innovation board listed companies and more than 60% of the GEM listed companies have received support from private equity and venture capital funds.

The pilot public offering of REITs in the field of infrastructure has been steadily implemented, and the first batch of products have been running smoothly, which has played a positive role in revitalizing existing assets and improving the efficiency of capital utilization.

Innovative equity fund products such as science and innovation and the New Third Board theme have helped the development of multi-level capital markets.

The green investment power of the fund industry has grown rapidly. The scale of funds invested in the green field has exceeded 480 billion yuan. Active attempts have been made to support the "dual carbon" strategy.

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