The volume of venture capital in China for the period from January to October amounted to 93 billion 800 million dollars, making Chinese technology companies world leaders in attracting funding. Their capital exceeded the figure of American companies, which were in second place, by 2 billion 200 million dollars, data from Crunchbase showed. The total volume of venture capital in the world, excluding China, was only 53 billion 400 million dollars, which is almost 2 times less than China's. According to the China Asset Management Association, at the end of 2017, the number of funds in the People's Republic of China increased to about 66,400, more than 8 times. The total amount of their assets increased by the middle of 2018 to 12 trillion 600 billion yuan.
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