Chart of the Day: China’s Mutual Fund Liquidations Set to Hit Five-Year High

Mutual funds in China are getting liquidated at an increasingly fast pace amid fierce competition and a slump in the stock market.

As of Sunday, 329 mutual funds had been closed this year, putting the annual total of liquidations on track to surpass that of last year, according to Caixin calculations based on data compiled by Wind Information Co. Ltd. By contrast, for 2022 as a whole, 370 funds were closed.

At the current pace, 2023 looks set to mark a five-year high for fund closures.