2025年私募备案产品超1.2万只 股票策略占比六成以上

Group 1 - In 2025, the private securities product registration surged, with a total of 12,645 products registered, marking a 99.54% increase from 6,337 in 2024 [1] - Stock strategies emerged as the preferred choice for private institutions, with 8,328 stock strategy products registered, accounting for 65.86% of all registered products [1] - Multi-asset strategies and futures & derivatives strategies ranked second and third in registration numbers, with 1,806 and 1,274 products respectively, representing 14.28% and 10.08% of the total [1] Group 2 - Quantitative products showed remarkable performance in 2025, with 5,617 products registered, a 114.31% increase from 2,621 in 2024, and accounting for 44.42% of the total [2] - Among quantitative products, stock strategy quantitative products dominated with 4,077 registered, making up 72.58% of the total quantitative products [2] - Futures and derivatives quantitative strategies accounted for 13.76% of the total, with 773 products registered, and the core segment being quantitative CTA strategies with 726 products [2] Group 3 - The registration of private products in 2025 exhibited a clear concentration among leading firms, with 26 out of 29 firms having registered at least 50 products being billion-yuan private institutions [3] - Mingyuan Investment led the registration with 157 products, followed by Century Frontier, Black Wing Asset, and Kuande Private with 147, 138, and 127 products respectively [3] - The steady growth of the private securities industry is attributed to the deepening of capital market reforms and continuous improvements in strategy innovation and risk management by institutions [3]