报告：截至三季度末 我国资产管理行业规模达179.33万亿元

Core Insights - The asset management industry in China reached a total scale of 179.33 trillion yuan by the end of Q3 2025, marking an 8.21% increase from the end of the previous year [1] - The report indicates a stable development trend in the asset management sector post the implementation of new regulations, with various financial institutions participating and competing in a healthy manner [1] Group 1: Asset Management Industry Overview - By the end of Q3 2025, the asset management industry in China had a total scale of 179.33 trillion yuan, with significant contributions from various sectors: bank wealth management at 32.13 trillion yuan, public funds at 36.74 trillion yuan, and trust assets at 32.43 trillion yuan [1] - The report highlights a well-structured "big asset management" industry landscape, encompassing bank wealth management, public funds, insurance asset management, trusts, securities firms, and private equity funds [1] Group 2: Bank Wealth Management - The bank wealth management sector reached a record high of 32.13 trillion yuan by the end of Q3 2025, reflecting healthy growth [2] - Asset allocation strategies in bank wealth management have shifted towards multi-asset and multi-strategy approaches, with cash and bank deposits increasing to 27.5% of the portfolio, up 3.6 percentage points from the previous year [2] Group 3: Public Funds - In Q3 2025, public fund indices showed varied performance, with equity funds and stock-type funds achieving annualized returns exceeding 135%, outperforming other strategies [2] - The overall positive performance of equity and mixed public funds is attributed to a favorable equity market environment [2] Group 4: Private Securities Funds - As of Q3 2025, there were 7,614 private securities fund managers in China, a decrease of 386 from the end of 2024, while the number of active private securities funds was 79,845, with a total management scale of 5.97 trillion yuan [3] - The newly established private funds are predominantly bond-type, with their issuance scale significantly higher than that of equity-type and mixed-type products [3] Group 5: Trust and Insurance Asset Management - The trust industry continues to grow, with a notable trend of "non-standard to standard" products, as the number of standard trust products increased by 1,820, a growth of 3.91% [3] - By the end of Q2 2025, the balance of insurance asset management reached 36.23 trillion yuan, an increase of 8.95% from the previous year, with a notable rise in equity asset allocation [3]