公募二季度规模战报：汇添富超越招商排名第九，鹏华规模近5000亿逼近前十，海富通成最大黑马

Core Viewpoint - The public fund industry is experiencing a competitive landscape characterized by a solidified top tier, intense battles in the middle tier, and a rising tail tier as of the end of Q2 2025, indicating a silent scale competition among different tiers [1][15]. Group 1: Top 10 Fund Companies - The top 10 public fund companies by non-monetary scale as of Q2 2025 are: E Fund, Huaxia Fund, GF Fund, Fuguo Fund, Harvest Fund, Southern Fund, Bosera Fund, Huatai-PB Fund, Huitianfu Fund, and China Merchants Fund [2][3]. - E Fund and Huaxia Fund both surpassed significant thresholds, with E Fund exceeding 1.4 trillion and Huaxia Fund surpassing 1.2 trillion in non-monetary scale [3]. - Southern Fund and Huaxia Fund both achieved a growth rate exceeding 14%, while E Fund, Harvest Fund, Huatai-PB Fund, and others saw growth rates above 10% [3]. Group 2: Notable Changes in Rankings - Huitianfu Fund emerged as a "dark horse," with a significant increase of 481 million, moving up from 10th to 9th place, surpassing China Merchants Fund [5]. - China Merchants Fund is the only company in the top 10 to experience a decline in scale, with a decrease of 281 million since the beginning of the year and 177 million by the end of the quarter [4]. Group 3: 11-20 Tier Performance - The 11-20 tier includes companies like Penghua Fund, Invesco Great Wall Fund, and Guotai Fund, with Penghua Fund nearing 500 billion and achieving a quarterly growth of 525 million, marking a 11.9% increase [7][8]. - Guotai Fund's quarterly growth of 471 million, representing a 12.6% increase, has propelled it to 13th place, indicating strong momentum for higher rankings [8]. Group 4: 21-30 Tier Dynamics - The competition in the 21-30 tier is intense, with Xinyi Fund leading the pack, achieving a quarterly increase of 441 million, marking a nearly 20% growth [11][13]. - Haifutong Fund experienced a remarkable surge, with a quarterly increase of 559 million, resulting in a 45% growth and a jump to 28th place [13]. Group 5: Overall Industry Trends - The public fund industry is witnessing three major trends: solidification of the top tier with ongoing internal competition, significant upward momentum from the second tier, and high variability in the middle tier, which serves as a source of potential changes in rankings [15]. - The competition has evolved from mere scale expansion to a comprehensive contest involving product strength, channel effectiveness, and strategic determination [15].