Core Insights - The report by CITIC Financial Holdings Wealth Committee Asset Management Studio highlights the stable development of China's asset management industry since the implementation of new regulations, with various financial institutions participating and competing effectively [1][3] Industry Overview - As of the end of 2025, the total scale of China's asset management industry is projected to reach 184.53 trillion yuan, representing a growth of approximately 13.1% compared to the previous year [1][3] - The industry encompasses multiple segments, including bank wealth management, public funds, insurance asset management, trusts, securities firms' asset management, and private equity funds [1][3] Segment Breakdown - The breakdown of the asset management industry by segment as of the end of 2025 is as follows: - Bank wealth management: 33.29 trillion yuan - Public funds: 37.71 trillion yuan - Private equity funds: 22.15 trillion yuan - Pension funds managed by fund companies: 6.85 trillion yuan - Private asset management by securities and futures institutions: 12.30 trillion yuan - Insurance fund utilization balance: 37.46 trillion yuan - Trust assets managed by trust companies: 32.43 trillion yuan [1][3] Product Trends - By the end of 2025, the number of existing bank wealth management products is expected to reach 46,300, reflecting a growth of 14.89% since the beginning of the year [2][4] - Fixed-income products dominate the investment types, with a significant share of the total scale; the structure of open-ended and closed-end products is relatively balanced [2][4] - Although the number of newly issued products by wealth management companies slightly decreased in the fourth quarter of 2025, the diversity of product types has increased, with joint-stock bank wealth management subsidiaries remaining the main issuers [2][4]
《国内资产管理行业报告（2025年度）》发布：2025年末我国资管行业总规模184.53万亿元