CITIC Think Tank Report: China Equity Funds Reach 59,000 and RMB15.4 Trillion by June 2026

An annual special report released in September 2026 during the 26th China International Fair for Investment and Trade showed that as of the end of June 2026, China had 59,000 equity fund products with combined assets of RMB15.4 trillion, up 5.5% and 6.9% year on year respectively. In the first half of 2026, newly raised fund scale rose nearly 50% year on year, investment amount increased 32%, and the number of exit cases rose 8%. The report also showed that the share of RMB funds in total fundraising rose from 81% in 2018 to 96% in the first half of 2026.

The share of contributions from guidance funds and state-owned enterprises rose from 45% in 2021 to 68% in 2025, while the share from financial institutions rose from 11% to 14% over the same period. In terms of investment structure, the share of consumer investment fell from a peak of 55% in 2015 to 6% in the first half of 2026. In the first half of 2026, manufacturing, technology and healthcare accounted for 38%, 33% and 16% of investment respectively.

CITIC Financial Holdings is among the first batch of financial holding companies approved for establishment in China, coordinates nearly 20 equity investment institutions within the group, and initiated the CITIC Equity Investment Alliance. As of the end of June 2026, the CITIC Equity Investment Alliance had more than RMB350 billion in assets under management and had invested in and incubated nearly 1,300 technology-based enterprises.