According to CoinMeta, as of the end of September 2026, the total net asset value of public funds in China amounted to 39.32 trillion yuan, a decrease of 0.79% from August, while the total number of shares increased to 33.98 trillion shares. Structurally, bond funds saw significant expansion, with their net asset value increasing by about 666.1 billion yuan to 12.64 trillion yuan in a single month, and the number of shares also increased by 539.1 billion. The net asset value of money market funds fell to 15.80 trillion yuan. The net asset values of equity funds and hybrid funds both declined, by about 247.3 billion yuan and 220.5 billion yuan respectively, but the number of equity fund shares increased against the trend. Overall, in September, funds clearly concentrated towards bond assets.