前三季度券商私募资管规模增近2700亿元

Core Insights - The brokerage asset management business is accelerating its return to active management fundamentals, with a notable increase in the scale of private asset management products [1][2] Group 1: Asset Management Scale and Growth - As of the end of September, the scale of brokerage private asset management products reached 5.73 trillion yuan, an increase of approximately 2687.33 billion yuan since the beginning of the year, reflecting a growth rate of 4.92% [2] - The scale of actively managed collective asset management plans rose to 31,957.89 billion yuan, with an increase of 3004.97 billion yuan, representing a growth rate of 10.38% and accounting for 55.73% of the total scale of brokerage private asset management [2][3] - In contrast, the scale of single asset management plans, primarily focused on channel business, decreased to 25,386.32 billion yuan, down by 317.63 billion yuan, continuing a downward trend [2] Group 2: Product Supply and Market Trends - The success of the active management transition is validated by new product data, with a total of 3,536.12 billion yuan in newly filed brokerage private asset management products in the first three quarters of the year [2] - Among these, the scale of collective asset management plans accounted for 2,189.76 billion yuan, representing 61.93% of the newly filed products, indicating a dominant position in the market [2] Group 3: Future Outlook and Structural Optimization - Analysts expect that the brokerage asset management business will continue to grow in both scale and revenue, with a stabilization trend anticipated by 2026 [3] - The implementation of asset management regulations has led to a continuous decline in channel-type asset management scale, while the proportion of collective asset management has been steadily increasing, highlighting a clear trend towards active management [3] - Policy support, particularly for small and medium-sized brokerages, is expected to facilitate the development of the asset management business, with new regulations encouraging differentiated development paths [3]