见证历史！罕见猛增，首破36万亿！

Core Viewpoint - The public fund market in China has reached a historic high, surpassing 36 trillion yuan, with significant growth driven by stock and mixed funds, while bond funds have seen a decline [3][4][11]. Fund Market Overview - As of the end of August 2025, the total scale of public funds in China reached 36.25 trillion yuan, marking an increase of 1.18 trillion yuan in a single month [4][5]. - The number of public fund management institutions stands at 164, including 149 fund management companies and 15 asset management institutions with public qualifications [5]. Fund Type Performance - Stock funds and mixed funds were the main contributors to the growth of the public fund market, with stock funds increasing by approximately 6281 billion yuan and mixed funds by about 3327 billion yuan in August [3][11]. - Conversely, bond funds experienced a decrease of 285 billion yuan in scale during the same period [10][14]. Monthly Growth Trends - The public fund market saw a steady recovery throughout the year, with total scale rebounding from 31 trillion yuan in January to surpassing 36 trillion yuan by August, reflecting a consistent upward trend [7]. - In August, the total share of public funds reached 31.17 trillion shares, with a monthly increase of 547.05 billion shares, representing a growth rate of 0.5% [4][12]. Specific Fund Data - As of August 31, 2025, the total number of closed-end funds was 1,330, with a net value of 37,247.20 billion yuan, while open-end funds numbered 11,798 with a net value of 325,280.77 billion yuan [6]. - The stock fund category had a net value of 55,506.25 billion yuan, while mixed funds reached 41,602.03 billion yuan [6][12]. Fund Flow Dynamics - In August, stock funds saw a net subscription of 796.68 billion shares, while mixed funds faced a net redemption of 450.09 billion shares [12][13]. - Money market funds grew by 1963.49 billion yuan, reaching a total of 14.81 trillion yuan, while QDII funds also saw an increase in both scale and shares [14].