(Yicai) Dec. 29 -- The amount of funds issued in the Chinese market has totaled CNY1.15 trillion (USD163 billion) this year, the lowest figure reported in the past five years, according to a financial data platform.

Newly established funds in China have raised an average of CNY914 million (USD128.9 million) this year, which was also the lowest in five years, data from Wind showed.

One of the main reasons behind the declines is the bad performance of the Chinese mainland's stock market. The Shanghai Component Index fell 3.7 percent this year, while the Shenzhen Component Index plunged 13.5 percent.

The performance of active equity funds in China is under pressure because of market adjustments. As of yesterday, only eight active equity funds had issued over CNY2 billion (USD282.1 million) this year, compared with 19 last year, Yicai learned.

However, the fund issuance market has recently begun to recover, mainly thanks to the growth of bond funds.

After hitting a record low in October, the issuance of new funds surpassed the threshold of CNY100 billion (USD14.2 billion) in November and December. The 143 funds established this month issued a total of CNY192.5 billion, this year's monthly record high, according to Wind data.

The amount of bond funds issued in October was only CNY43.2 billion (USD6.1 billion), but the figure jumped to CNY105.3 billion and CNY161.1 billion, respectively, in November and December.

Among this year's total CNY1.15 trillion worth of issued funds, over 71 percent were bond funds, with the ratio hitting a 20-year record high.

Industry insiders remain optimistic about the future of the Chinese mainland stock market, as the economy and capital market will likely continue to improve.

Editor: Futura Costaglione