私募证券产品备案创27个月新高，指数增强型策略大增52％

Core Insights - The private equity securities industry experienced a significant surge in product registrations in July, reaching a 27-month high, driven by a strong recovery in the A-share market [1][2][3]. Group 1: Product Registration Statistics - As of July 31, 2025, the total number of registered private equity securities products reached 1,298, marking an 18% month-on-month increase and a 61.39% year-on-year increase with a total of 6,759 products registered this year [2][3]. - Stock strategies dominated the registrations in July, with 887 products accounting for 68.34% of the total, reflecting a 24.58% increase from the previous month [3][4]. - Multi-asset strategies saw 162 products registered, a 5.88% increase, representing 12.48% of the total [3][4]. - Futures and derivatives strategies had 125 products registered, a 1.63% increase, making up 9.63% of the total [3][4]. - Other strategies, including bond strategies and combination funds, also saw increases in registrations, contributing to the overall growth [3][4]. Group 2: Market Environment and Performance - The recovery in the A-share market, with the Shanghai Composite Index surpassing 3,600 points, has significantly boosted investor confidence and risk appetite, leading to increased demand for private equity products [5][6]. - Quantitative strategies have shown strong performance, attracting both institutional and individual investors, further driving the demand for private equity securities [5][6]. - The private equity industry is undergoing a supply optimization, with a focus on high-quality management and innovative products, enhancing overall industry professionalism and transparency [5][6]. Group 3: Leading Institutions - In July, 676 private equity firms registered new products, with 13 firms registering more than 10 products each. Notably, large quantitative firms dominated the top rankings [6][7]. - The top firms by registration volume included Kuande Private Equity with 31 products, Mingnong Investment with 26, and Century Frontier with 22 [6][7]. - Other notable firms included Jiukun Investment and Chengqi Asset, each registering 20 and 17 products respectively, showcasing the competitive landscape among large-scale quantitative private equity firms [6][7]. Group 4: Market Outlook - The market is expected to experience fluctuations, with a focus on structural opportunities as the earnings verification period approaches in mid-August [7]. - Upcoming events, such as the implementation of new tariffs and the results of negotiations, may create cautious market sentiment [7]. - However, there is potential for a bullish trend later in August, supported by favorable macroeconomic policies and increased liquidity, which could enhance market sentiment and attract more capital [7].