72.32万亿元！

Core Insights - The total scale of asset management business in China reached approximately 72.32 trillion yuan by the end of Q1 2025, reflecting a decrease of nearly 530 billion yuan compared to the end of the previous year, marking a 0.73% decline [3][4][9] Summary by Category Overall Asset Management Scale - The total asset management business scale is approximately 72.32 trillion yuan, down from 72.85 trillion yuan at the end of last year, indicating a reduction of 529.16 billion yuan [3][4][9] - The number of asset management products decreased to 194,769, a reduction of 749 products compared to the end of last year [4] Breakdown by Type - Public funds remain the largest segment, with a scale of 32.22 trillion yuan, accounting for 44.55% of the total [4] - Private funds follow with a scale of 20.19 trillion yuan, representing 27.92% of the total [4] - Pension funds, securities company asset management plans, fund management company plans, and asset-backed special plans (ABS) have scales of 6.09 trillion yuan, 5.93 trillion yuan, 4.60 trillion yuan, and 2.08 trillion yuan respectively, each accounting for less than 10% of the total [4] Growth and Decline in Specific Segments - Private funds and pension funds showed significant growth, with private funds increasing by 267.77 billion yuan (1.34% growth) and pension funds rising by 149.26 billion yuan (2.51% growth) [7] - Conversely, public funds experienced the largest absolute decline, decreasing by 608.44 billion yuan (1.85% drop) [8][9] - Securities company asset management plans fell by 170.69 billion yuan (2.80% decline), while fund management company private asset management products decreased by 63.35 billion yuan (1.36% drop) [8][9]