券商最新私募资管规模达5.52万亿元 固收类产品占比超八成

Core Viewpoint - The asset management business of securities firms in China is steadily developing towards specialization and differentiation, with a significant increase in private asset management product scale as of June 2023 [1][2]. Group 1: Product Scale and Growth - As of June 2023, the total scale of private asset management products by securities firms reached 5.52 trillion yuan, marking the highest level since October of the previous year, with an increase of 551.32 billion yuan compared to the end of last year [1]. - The scale of actively managed collective asset management plans was 3.09 trillion yuan, reflecting a growth of 6.61% from the end of last year, while single asset management plans decreased by 5.30% to 2.43 trillion yuan [1]. - The proportion of collective asset management plans increased from 52.97% at the end of last year to 55.91% as of June 2023, indicating a shift towards enhanced active management capabilities [1]. Group 2: Product Structure - Fixed-income products remain the dominant category within private asset management products, with a scale of 4.55 trillion yuan, accounting for 82.50% of the total [2]. - Mixed-asset products and equity products accounted for 10.42% and 6.47% of the total scale, respectively, while futures and derivatives products made up 0.61% [2]. - In June 2023, newly established fixed-income products totaled 308.16 billion yuan, representing 56.29% of all new private asset management products for that month [2]. Group 3: Industry Trends and Competition - There is a noticeable disparity in the management scale of private asset management products among securities firms, with an average scale of 581.14 billion yuan and a median of 216.21 billion yuan as of June 2023 [3]. - The industry is witnessing increased competition, prompting firms to enhance their asset management capabilities and apply for public fund management qualifications to broaden their business scope [3]. - Companies like Shenwan Hongyuan and Nanjing Securities are focusing on accelerating transformation and innovation, enhancing active management, and optimizing product design to strengthen their competitive edge in the asset management sector [3].