The value of China's privately offered funds stood at 20.82 trillion yuan (about $2.89 trillion) at the end of July, industrial data shows.
According to the Asset Management Association of China, the figure was up from 20.77 trillion yuan a month ago, with a total size of 11.22 trillion yuan which was the largest category.
The number of registered privately offered funds stood at 152,878 by July, and 21,996 institutions managed these funds.
Established in 2012, the association is a self-regulatory organization that represents China's mutual fund industry.
Source: Qatar News Agency