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Market Chatter: Chinese AUMs Rise as of April-End on Higher Tech Investments

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Assets under management (AUM) in China's private fund sector jumped to 23.46 trillion yuan as of the end of April from 20.22 trillion yuan a year earlier, the South China Morning Post reported Friday, citing the Asset Management Association of China.

The rise is attributable to market confidence and higher technology-related investments, the report said.

Investments in the private equity and venture capital market grew 25% year over year to 234.4 billion yuan in the first quarter, the SCMP said, citing Zero2IPO Research.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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