Domestic and overseas investors rush to Chinese stocks amid market rally

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China’s mutual fund industry saw a massive jump in new products and subscriptions in June and overseas fund inflows into China equity funds last week hit the second highest on record amid the strong rally in mainland stock market.

Some 73 new open-ended equity and balanced funds were launched in June, taking the total to 4,110, showed data from the Asset Management Association of China (AMAC).

The net value of open-ended equity and balanced funds stood at 4.2 trillion yuan for the month, up nearly 70 per cent from 2 . . .

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