Bei Jing Shang Bao·2025-09-14 14:16Core Insights - The China Securities Investment Fund Association (CSIA) released the top 100 public fund sales institutions for the first half of 2025, showing growth in the retained scale of equity funds, non-monetary market funds, and stock index funds compared to the end of 2024 [1][3] Fund Sales Rankings - The top three institutions in terms of retained scale for equity funds are Ant Group, China Merchants Bank, and Tian Tian Fund, with retained scales of 822.9 billion, 492 billion, and 349.6 billion respectively [2][7] - The total retained scale for equity funds among the top 100 institutions reached 5,137.4 billion, a 5.89% increase from the end of 2024 [3] - The retained scale for stock index funds reached 1,952.2 billion, reflecting a 14.57% increase [3] Institutional Performance - Among the top 100 institutions, securities firms hold 57 seats, banks have 24, and independent fund sales institutions have 17 [3] - Commercial banks lead in the retained scale of non-monetary market funds, with a share of 43.1%, while securities firms dominate stock index funds with a share of 55.34% [4][5] Market Trends - The growth in stock index fund retained scale is attributed to market volatility and the performance differentiation of individual stocks and actively managed equity funds, leading to increased interest from institutional and individual investors [4] - The future of public fund distribution channels is expected to maintain a diversified trend, with a focus on head institutions, professionalism, and personalization as key factors for investors [8]