The value of assets managed by China's IPO funds rose to RMB27.2 trillion ($3.9 trillion) at the end of January 2023.
China Asset Management Association said that of the country's 142 fund management companies, 47 were foreign-financed and 95 were local.
The value of the assets was 26.5 trillion yuan (approximately $3.8 trillion) as at the end of October 2022, according to the Association's data.
Beijing's sudden easing of COVID-19 restrictions has boosted economic recovery expectations this year.
China kept its lending interest rate unchanged for the sixth consecutive month in February, as the world's second-largest economy showed further signs of recovery from the COVID-19 recession.
China's State Planning Authority and Ministry of Finance have approved new policies aimed at stimulating housing spending and encouraging consumers to use their savings accumulated during the pandemic.
Economists' expectations for a rebound in growth are rising to 4.9% this year, as Chinese leaders move to address some of the major obstacles to growth such as the elimination of zero Covid policy, and the sharp decline in the real estate sector, with expectations for higher growth from the second quarter.
China's economic growth fell to its second-worst level in 46 years, hitting 3% in 2022, far behind its target of 5.5%.
China's annual inflation rate also rose by 2.1% in January from a year earlier, as the Lunar New Year holiday spurred demand after the country reopened, abandoning strict COVID-19 restrictions.
