In the first quarter of 2021, the holding quantity of Fund123 amounted to 572 billion yuan in stock and mixed funds and 890 billion yuan in non-money market funds. The fund was part of Alibaba's AntGroup financial ecosystem. Other funds have large financial institutions behind them as well, for instance, Ying Mi Fund and Lufunds are backed by Ping An Bank.
Leading non-money market online wealth management funds in China in 1st quarter of 2020, based on holding quantity
(in billion yuan)
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Tianfeng Securities. (June 14, 2021). Leading non-money market online wealth management funds in China in 1st quarter of 2020, based on holding quantity (in billion yuan) [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1262464/china-leading-online-wealth-management-funds-by-holding-type/
Tianfeng Securities. "Leading non-money market online wealth management funds in China in 1st quarter of 2020, based on holding quantity (in billion yuan)." Chart. June 14, 2021. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1262464/china-leading-online-wealth-management-funds-by-holding-type/
Tianfeng Securities. (2021). Leading non-money market online wealth management funds in China in 1st quarter of 2020, based on holding quantity (in billion yuan). Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1262464/china-leading-online-wealth-management-funds-by-holding-type/
Tianfeng Securities. "Leading Non-money Market Online Wealth Management Funds in China in 1st Quarter of 2020, Based on Holding Quantity (in Billion Yuan)." Statista, Statista Inc., 14 Jun 2021, https://www.statista.com/statistics/1262464/china-leading-online-wealth-management-funds-by-holding-type/
Tianfeng Securities, Leading non-money market online wealth management funds in China in 1st quarter of 2020, based on holding quantity (in billion yuan) Statista, https://www.statista.com/statistics/1262464/china-leading-online-wealth-management-funds-by-holding-type/ (last visited October 02, 2024)
Leading non-money market online wealth management funds in China in 1st quarter of 2020, based on holding quantity (in billion yuan) [Graph], Tianfeng Securities, June 14, 2021. [Online]. Available: https://www.statista.com/statistics/1262464/china-leading-online-wealth-management-funds-by-holding-type/