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券商基金代销最新排名出炉!头部格局生变,马太效应再加强
Sou Hu Cai Jing·2025-09-15 11:12

Core Insights - The China Fund Industry Association has disclosed the public fund sales data for the first half of 2025, showing a continued rise of brokerage firms in the market [1] - The top 100 fund sales institutions have seen significant growth in their fund holding scales across various categories, indicating a clear "Matthew Effect" in the industry [2] Group 1: Fund Sales Data - In the first half of 2025, the total holding scale of equity funds by the top 100 fund sales institutions reached 5.14 trillion yuan, a 5.89% increase compared to the second half of 2024 [2] - The holding scale of non-monetary market funds was 10.199 trillion yuan, reflecting a 6.95% growth from the previous period [2] - Stock index funds showed the most remarkable growth, with a holding scale of 1.95 trillion yuan, up 14.57% from the second half of 2024 [2] Group 2: Brokerage Firms Performance - A total of 57 brokerage firms made it to the top 100 list, an increase of one from the previous period, with CITIC Securities and Huatai Securities maintaining the first and second positions respectively [3] - The merger of Guotai Junan and Haitong Securities propelled their ranking to third among brokerages, while new entrants included Huayuan Securities, Chengtong Securities, and Caida Securities [3] - CITIC Securities led the brokerage channel with an equity fund holding scale of 142.1 billion yuan and a non-monetary market fund holding scale of 239.7 billion yuan [3] Group 3: Market Trends - The market has shown a trend where the growth rate of non-monetary fund scales has outpaced that of equity funds among leading sales institutions [4] - The brokerage channel holds a dominant position in stock index funds, accounting for 55% of the total holding scale [5] - Analysts suggest that the brokerage sector has unique advantages in the stock index fund market, with ongoing reforms likely to enhance the market's trading sentiment [6]