BEIJING, April 30 (Xinhua) -- The scale of China's privately offered funds stood at 20.33 trillion yuan (about 2.94 trillion U.S. dollars) at the end of March, according to data from an industry association.

 

The volume edged up over 47.56 billion yuan, or 0.23 percent, from the previous month, according to the Asset Management Association of China (AMAC).

 

The number of registered privately offered funds exceeded 150,000 as of the end of March. Some 22,176 institutions managed these funds, AMAC data showed.

 

Established in 2012, the AMAC is a self-regulatory organization that represents China's mutual fund industry.