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By Reuters Staff 2 Min Read SHANGHAI, Jan 19 (Reuters) - A Chinese mutual fund attracted a record $37 billion worth of investor subscriptions on the first day of sales, state media reported, reflecting Chinese retail fever toward stocks. E Fund Management Co launched the fund on Monday and raised 237 billion yuan ($36.6 billion) in subscription money, nearly 16 times its fundraising cap of 15 billion yuan, official Securities Times reported on Tuesday, citing sales channels. E Fund said official data will be released soon, without giving figures. The demand reflects Beijing’s success in boosting investor confidence in capital markets following a series of reforms, and points to more momentum in China’s bull run that saw the bluechip CSI300 index jump 27% in 2020.

United statesHong kongStephen coatesPeter alexanderFeng boSamuel shenAndrew galbraithThomson reuters trust principlesE fund management coE fund managementDe fundSecurities timesZ ben advisorsFund managementThomson reuters trustFund subscription