我国公募基金总规模达37.7万亿元，营造“长钱长投”市场生态

Group 1 - The total scale of public funds in China reached 37.7 trillion yuan by the end of December 2025, marking a record high with a quarter-on-quarter increase of nearly 700 billion yuan [1] - Bond funds saw a monthly increase of over 410 billion yuan, while stock funds grew by over 250 billion yuan; mixed funds, FOF, and QDII experienced slight growth, whereas money market funds decreased by 153.6 billion yuan [1] - In 2025, amidst international turmoil, the three major A-share indices showed strong performance with cumulative annual increases of 18.41% for the Shanghai Composite Index, 29.87% for the Shenzhen Component Index, and 49.57% for the ChiNext Index [1] Group 2 - The China Securities Regulatory Commission (CSRC) emphasized the need to deepen public fund reforms and broaden channels for long-term capital sources, promoting products and risk management tools suitable for long-term investment [3] - The CSRC aims to enhance the quality of service for high-quality development, improve regulatory effectiveness, and promote the growth and governance of listed companies, while also advancing the opening of capital markets to a deeper and higher level [3] - Initiatives include strengthening technology-enabled regulation and expediting the release of regulations for listed companies, as well as fully implementing the newly revised corporate governance standards [3]