新高！新高！

Core Viewpoint - The total scale of public funds in China reached a historical high of 33.74 trillion yuan by the end of May 2025, with a monthly increase of approximately 625.5 billion yuan, primarily driven by money market and bond funds [2][3][6]. Fund Scale and Growth - As of May 31, 2025, the total scale of public funds was 33.74 trillion yuan, with a month-on-month growth of 625.5 billion yuan, representing a 1.89% increase [6]. - The total number of public fund management institutions in China is 164, including 149 fund management companies and 15 asset management institutions with public qualifications [4]. Fund Type Performance - Money market funds contributed significantly to the growth, increasing by 407.1 billion yuan to reach 14.40 trillion yuan [8]. - Bond funds also saw substantial growth, with an increase of 221.9 billion yuan, bringing their total to 6.78 trillion yuan [8]. - In contrast, stock funds, mixed funds, and QDII funds experienced net redemptions in May [10][11]. Specific Fund Data - The number of open-end funds increased to 11,436, with a total net value of 299.82 billion yuan, reflecting a growth of 6.29 billion yuan from the previous month [5]. - Stock funds had a slight increase in scale by 34.31 billion yuan, reaching 4.58 trillion yuan, despite a net redemption of 46.2 billion units [10]. - QDII funds saw a net redemption of 16.6 billion units but still managed to grow by 10.25 billion yuan to 654.28 billion yuan due to favorable overseas market conditions [10].