BEIJING -- Assets under the management of public offering funds in China topped 25.87 trillion yuan ($4.1 trillion) by the end of January, data from the Asset Management Association of China shows.

This marks an increase of 310 billion yuan compared to the end of 2021.

Of the total, the volume of money market funds and bond funds posted growth, while the volume of equity funds dropped 6.8 percent from the end of last year.

At the end of January, a total of 9,428 public offering funds were operated by 151 fund management entities in the country, according to the association.