Zhong Guo Jing Ying Bao·2025-12-13 05:51Core Insights - The financial market reform in China is deepening, leading the asset management industry into a golden development period, with total entrusted management scale nearing 180 trillion yuan [1] - The core functions of bank wealth management and insurance asset management, which together account for approximately 70 trillion yuan, include providing long-term wealth growth products, supporting stable capital market operations, and injecting financial resources into the real economy [1] Group 1 - The total scale of the domestic asset management market is close to 180 trillion yuan, with bank wealth management, insurance asset management, and trust business regulated by the National Financial Regulatory Administration accounting for nearly 100 trillion yuan [1] - Bank wealth management and insurance asset management are the main product providers in the market, offering tools for long-term wealth growth [1] - These sectors play a crucial role in providing long-term financing support for the capital market and act as cornerstone investors [1] Group 2 - Insurance funds are actively supporting national strategies and new productive forces, with a registered scale exceeding 3 trillion yuan in major strategic areas [2] - As of the end of Q3 this year, the balance of long-term equity investments by insurance funds exceeded 2 trillion yuan, providing full lifecycle support for technology innovation and strategic emerging industries [2] - Insurance funds have participated in the reform of the Sci-Tech Innovation Board, enhancing investor structure and stabilizing valuations, with a total investment in stocks and securities investment funds reaching 5.6 trillion yuan [2]