年内6900多只证券类私募产品完成备案,近七成托管人“花落”四大券商
Xin Lang Cai Jing·2025-08-12 03:04

Core Insights - The number of registered securities private equity products has significantly increased this year, with a total of 6,928 products registered as of August 11, representing a year-on-year growth of 72.85% [2] Group 1: Registration and Custodian Overview - The 6,928 registered securities private equity products involve 38 custodians, with 30 brokerage firms accounting for 6,803 products, which is 98.2% of the total [2] - As of June 30, there are 68 institutions qualified as securities investment fund custodians, including 36 banks and 30 brokerages [4] - By the end of 2023, the total number of private equity securities investment funds under custody is 96,200, with an asset scale of 4.87 trillion yuan, where banks hold 190 billion yuan and brokerages hold 4.5 trillion yuan [4] Group 2: Brokerage Performance in Custody Business - Among the registered products, Guotai Junan Securities leads with 1,769 products, accounting for 25.53%, followed by CITIC Securities and招商证券 with 1,155 and 1,061 products, representing 16.67% and 15.31% respectively [5] - The top four brokerages (Guotai Junan, CITIC, 招商证券, and Huatai Securities) together account for 67.18% of the registered securities private equity products [5] - Guotai Junan Securities has maintained a strong position in the custody business, ranking second in the industry for the number of private equity fund products [6] Group 3: Trends and Strategic Insights - The custody business for private equity products is seen as a gateway for brokerages to establish relationships with private equity firms, potentially leading to further collaboration in other business areas [8] - A total of 25 securities private equity firms have registered at least 30 products this year, with 23 of them managing over 5 billion yuan [9] - The top three private equity firms (Shanghai Kuande, Heiyi Asset, and Mingcong Investment) have shown varied preferences for custodians, with Guotai Junan and CITIC Securities being the most favored [10]