公募基金规模，连续7个月创新高

Core Insights - The total net asset value of public funds in China reached 36.96 trillion yuan by the end of October 2025, marking a monthly increase of 218.74 billion yuan and a record high for seven consecutive months [1] Group 1: Fund Management Overview - As of October 2025, there are 165 public fund management institutions in China, including 150 fund management companies and 15 asset management institutions with public qualifications [1] - The main contributor to the overall growth in October was the money market funds, which increased by 385.54 billion yuan despite a declining yield environment [1][4] Group 2: Equity and Bond Funds Performance - The overall scale of equity funds decreased, with stock funds totaling 5.93 trillion yuan, down 289.24 billion yuan, and mixed funds at 4.26 trillion yuan, down 548.12 billion yuan [2] - Bond funds also saw a significant decline, with total scale at 7.10 trillion yuan, down 1.04 trillion yuan, and total shares at 5.63 trillion shares, down 1.34 trillion shares [2] Group 3: Money Market Funds Growth - By the end of October, the total scale of money market funds reached 15.05 trillion yuan, with a month-on-month increase of 385.54 billion yuan, representing a growth rate of 2.63% [4] - The increase in money market fund scale is attributed to significant inflows from retail investors, driven by lower bank deposit rates and the expiration of many fixed-term deposits [4][5] Group 4: QDII Funds Performance - QDII funds experienced growth in both scale and net value in October, with total shares reaching 736.73 billion shares, an increase of 48.80 billion shares, and total scale at 939.01 billion yuan, up 28.39 billion yuan [6][7] - Despite the growth, the QDII funds faced limitations due to foreign exchange quotas, impacting their share growth [7]