重磅榜单来了，排名大洗牌

Core Insights - The public fund industry in China experienced significant growth in the third quarter of 2025, particularly in equity funds, driven by a strong performance in the A-share market [2][4][24] - The total management scale of public funds reached 36.45 trillion yuan, marking a 7.07% increase from the previous quarter [4][6] - Active equity funds and stock index funds saw substantial growth, with active equity funds increasing by nearly 700 billion yuan and stock index funds growing by 1.1 trillion yuan [5][6] Fund Performance - The stock fund category saw a quarter-on-quarter increase of 1.2 trillion yuan, a growth rate of 25.3%, with pure index stock funds leading the increase at 1.06 trillion yuan [4][6] - Mixed funds also performed well, with a growth of nearly 600 billion yuan, reflecting a 17.89% increase [5][6] - In contrast, bond funds experienced a decline, with a reduction of 142.8 billion yuan, the only category to shrink during this period [5][6] Company Rankings - E Fund and Huaxia Fund emerged as the top two companies in terms of non-monetary fund scale, with 1.81 trillion yuan and 1.52 trillion yuan respectively [9][10] - Five public fund companies reported non-monetary fund growth exceeding 100 billion yuan, with E Fund leading at an increase of 286.6 billion yuan [13][14] Active Equity Fund Growth - E Fund led the active equity fund category with a scale of 3.129 trillion yuan, followed by China Europe Fund and GF Fund, both exceeding 2 trillion yuan [24][25] - The growth in active equity funds was significant, with several companies reporting increases of over 500 billion yuan, indicating a strong market recovery [27][28] Index Fund Developments - The total scale of public index products approached 8 trillion yuan, with E Fund and Huaxia Fund both surpassing the 1 trillion yuan mark in index fund management [16][22] - The growth in index funds was supported by a favorable market environment and the performance of underlying assets [22][24] Market Trends - The third quarter saw a return of the "money-making effect" in the market, which positively impacted the growth of active equity funds [29] - The demand for long-term stable returns is driving interest in actively managed equity products, positioning them as a key focus for fund companies [29]