China Fund Closures Head for Eight-Year High as Demand Fades

Bloomberg Markets Monday 05 October 2026, 00:30 UTC By Bloomberg News 1 min read

Key Points

China’s mutual funds are closing at the fastest pace in eight years as weak returns and investor redemptions leave hundreds of products too small to survive.

China Fund (ORG) China (LOCATION)

Originally published by Bloomberg Markets Read original →

An elderly man in central China, who has spent the past 21 years making ends meet as a scavenger, experienced a remarkable stroke of luck when he discovered that his pension fund contained over 420,000 yuan (US$63,000). In late September, the 71-year-old man, surnamed Ru, received a bank card linked to his pension account, which revealed a balance of 424,204 yuan, as reported by Changde Daily. Completely unaware of his entitlement to pensions over the decades, Ru sobbed as he spoke to the...

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China Fund Closures Head for Eight-Year High as Demand Fades

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