超1130亿元，增长20.52%

Core Viewpoint - The public fund industry in China experienced significant growth in management fees, trading commissions, custody fees, and sales service fees, totaling over 1130 billion yuan in the first half of 2025, marking a year-on-year increase of 20.52% [2]. Management Fees - The total management fee income for the first half of 2025 reached 616.03 billion yuan, a 1.98% increase from 604.09 billion yuan in the same period of 2024 [3][4]. - The public fund management scale hit a record high of 34.39 trillion yuan by the end of June 2025, with an increase of 1.56 trillion yuan in the first half [4]. - Mixed funds generated the highest management fees at 177.49 billion yuan, accounting for 28.81% of total income, although this represents an 8.26% decrease from 193.47 billion yuan in 2024 [4]. - Money market and bond funds were the main contributors to management fee income, generating 173.19 billion yuan and 144.56 billion yuan respectively, with year-on-year growth of 9.36% and 4.26% [4]. Performance of Different Fund Types - QDII funds, other funds, and commodity funds saw substantial increases in management fees, with growth rates of 22.92%, 103.18%, and 169.41% respectively [5]. - Among 162 public fund managers, 21 had management fee incomes exceeding 10 billion yuan, up from 20 in 2024 [7]. - Leading fund companies included E Fund with 39.27 billion yuan, followed by Huaxia Fund and GF Fund with 32.67 billion yuan and 29.15 billion yuan respectively [7]. Client Maintenance Fees - Client maintenance fees amounted to 182.84 billion yuan, reflecting a year-on-year increase of 12.79% [10][12]. - After deducting client maintenance fees, the net management fee income for fund companies was approximately 433.19 billion yuan, a decrease of 1.99% from 441.99 billion yuan in the previous year [12]. Sales Service Fees - Sales service fees totaled 152.16 billion yuan, up 13.44% from 134.12 billion yuan in 2024 [14]. - Money market funds accounted for 76.34% of total sales service fees, with 116.16 billion yuan collected [14][15]. - The highest sales service fee income was recorded by Tianhong Fund at 11.88 billion yuan, with several other companies exceeding 5 billion yuan [15]. Custody Fees - Custody fee income reached 137.69 billion yuan, a 2.36% increase from 134.51 billion yuan in 2024 [16]. - Four commercial banks generated over 10 billion yuan in custody fees, with ICBC leading at 20.35 billion yuan [17]. - Securities firms' custody business remains low, with a total of only 3.08 billion yuan from 24 companies [18].