中基协：11月证券期货经营机构共备案私募资管产品2134只 同比增加129.96%

Group 1 - The core viewpoint of the news is that the private asset management products in China's securities and futures sector have seen significant growth in both the number of products and the total scale as of November 2025, indicating a robust market trend [1][2][3] Group 2 - As of November 2025, a total of 2,134 private asset management products were registered, representing a month-on-month increase of 44.78% and a year-on-year increase of 129.96% [1] - The total scale of these products reached 852.21 billion yuan, with a month-on-month increase of 51.00% and a year-on-year increase of 93.32% [1] - Among the registered products, securities companies and their subsidiaries accounted for the highest proportion [1] - The average establishment scale of collective products was 0.63 million yuan, reflecting a month-on-month growth of 5.73%, while the average scale of single products was 0.21 million yuan, showing a month-on-month decline of 3.72% [1] - By investment type, the number of mixed products was the highest, while fixed income products had the largest establishment scale [1] Group 3 - As of the end of November 2025, the total scale of private asset management products managed by securities and futures institutions was 12.51 trillion yuan, a decrease of 620.18 billion yuan from the previous month, representing a month-on-month decline of 0.49% [2] - The number and scale of existing collective asset management plans were significantly higher compared to other types [2] - Fixed income products dominated both in number and scale among the four product types, with mixed products following in number and equity products in scale [2] Group 4 - The average management scale of private asset management products by securities companies and their subsidiaries was 610.19 billion yuan, with a median management scale of 230.81 billion yuan [3] - The average management scale for private funds by securities company subsidiaries was 87.14 billion yuan, with a median of 21.45 billion yuan [3] - Fund management companies had an average management scale of 353.97 billion yuan, with a median of 105.04 billion yuan, while fund subsidiaries averaged 161.79 billion yuan with a median of 29.19 billion yuan [3] - Futures companies and their subsidiaries had an average management scale of 40.82 billion yuan, with a median of 4.15 billion yuan [3]