A total of six Chinese securities traders and assets management companies announced on Monday investment in their own fund products, based on positive development projections for the Chinese economy, thepaper.cn reported on Monday.

The six companies are E Fund, GF Fund Management, China Southern Asset Management, 99 Fund, Guotai Junan Securities Asset Management, and Zhongtai Asset Management, representing an overall investment sum of 660 million yuan ($91.66 million).

All of six companies are upbeat about the future growth of China's capital market.

E Fund said in its statement that the company planned to invest 150 million yuan to purchase a fund product sold by the company.

Guotai Junan Securities Asset Management anticipated a broad development of China's pensions sector, pledging to invest 110 million yuan to purchase two of pension-related funds to be sold by the company. The other four companies also announced investments of 100 million yuan to buy back their own products.

At the end of June 2022, the scale of capital managed by the E Fund reached 1.58 trillion yuan. GF Fund Management has 1.23 trillion yuan under its management, and China Southern Asset Management has 1.03 trillion yuan under management. The scale of capital under management of 99 Fund, Guotai Junan Securities Asset Management and Zhongtai Asset Management reached 890 billion yuan, 43.94 billion yuan and 35.45 billion yuan, respectively, according to the data compiled by Shanghai-based financial information provider Wind Information Co.