（文章来源：每日经济新闻） 每经AI快讯，12月17日，中基协数据显示，截至2025年三季度末，基金管理公司及其子公司、证券公 司及其子公司、期货公司及其资管子公司、私募基金管理机构资产管理产品总规模达80.03万亿元，其 中，公募基金规模36.74万亿元，证券公司及其子公司私募资产管理产品规模6.37万亿元，基金管理公司 及其子公司私募资产管理产品规模5.70万亿元，基金管理公司管理的养老金规模6.85万亿元，期货公司 及其资管子公司私募资产管理产品规模0.39万亿元，私募基金规模21.99万亿元，资产支持专项计划 （ABS）规模2.18万亿元。 ...

TPF截至2025年10月的净回报为-1.74%。 智通财经APP讯，TRUE PARTNER(08657)发布公告，集团于2025年10月31日的未经审核资产管理规模 约为3.6亿美元。 ...

Core Insights - The asset management scale of institutions in Shenzhen has exceeded 31 trillion yuan, approaching the levels of Hong Kong (approximately 35 trillion HKD) and Singapore (around 6 trillion SGD) [1] - This represents a significant increase from 29 trillion yuan in the same period last year, accounting for about 20% of the national total [1] Summary by Categories - **Asset Management Scale** - Shenzhen's asset management scale is over 31 trillion yuan, nearing Hong Kong and Singapore levels [1] - The growth from 29 trillion yuan last year indicates a robust increase in asset management activities [1] - **Market Position** - Shenzhen's asset management now constitutes approximately 20% of the total asset management in the country [1]

Core Insights - Hong Kong's ETF market ranks third globally in liquidity, with an average daily trading volume of HKD 37.8 billion from the beginning of the year to September 30, surpassing South Korea [1] - The asset management scale of the Hong Kong ETP market has increased by 32% year-on-year to HKD 653 billion, with the number of ETPs rising by 16% to 225 [1] - Three main factors contributing to the increase in average daily trading volume of ETFs include improved market structure, enhanced connectivity, and continuous innovation [1][2] Market Structure Improvements - The Hong Kong Stock Exchange (HKEX) has implemented various measures to enhance market efficiency and promote liquidity, including the introduction of market makers for ETFs and leveraged and inverse products during pre-opening and closing auction trading sessions [1] Connectivity Enhancements - HKEX has increased its connectivity with the Middle East and some ASEAN markets, which remains crucial for the growth of the Hong Kong ETF market [2] Continuous Innovation - HKEX has introduced various new products to the ETF market, such as covered call option ETFs and recently launched single stock leveraged and inverse products, aiming to meet customer demands and bring suitable products to market [2] ETP Market Growth - As of October 16, HKEX has welcomed 41 new ETPs in 2025, exceeding the previous year's record for ETP issuances [2] - The average daily trading volume of income-generating ETFs has increased to over HKD 200 million, with an asset management scale of approximately HKD 23.4 billion [2] - Currently, there are 29 leveraged and inverse products with a total market value of about HKD 28 billion, accounting for 4.3% of the overall ETP market, and their average daily trading volume is HKD 3.6 billion, representing 9.5% of the entire ETP market [2]

Core Viewpoint - TRUE PARTNER (08657) announced that its unaudited asset management scale was approximately $432 million as of September 30, 2025 [1] - The net return for TPF as of September 2025 was -0.56% [1] Group 1 - The company's asset management scale is reported to be around $432 million [1] - The net return for the company as of September 2025 shows a decline of -0.56% [1]

Core Insights - Fitch Ratings projects that the asset management industry in Saudi Arabia will exceed $400 billion, making it the largest in the Gulf Cooperation Council (GCC) region [1] Group 1 - The asset management scale in Saudi Arabia is expected to surpass $400 billion [1] - This growth positions Saudi Arabia at the forefront of the asset management sector within the GCC [1]

Core Insights - The total scale of asset management products in China reached 75.38 trillion yuan by the end of Q2 2025, reflecting a robust growth trend in the asset management market [1][2] Group 1: Overall Market Performance - The asset management market grew by 3.06 trillion yuan from the end of Q1 2025, representing a growth rate of approximately 4.23% [1] - The public fund scale increased from 32.22 trillion yuan at the end of Q1 to 34.39 trillion yuan at the end of Q2, marking a rise of 2.17 trillion yuan and a quarter-on-quarter growth rate of about 6.74% [2] Group 2: Breakdown of Asset Management Products - The scale of private asset management products by securities companies and their subsidiaries rose from 5.93 trillion yuan to 6.14 trillion yuan, an increase of 0.21 trillion yuan, with a quarter-on-quarter growth of approximately 3.54% [2] - The scale of private asset management products by fund management companies and their subsidiaries slightly decreased from 5.59 trillion yuan to 5.58 trillion yuan, remaining stable at a high level [2] - Pension assets managed by fund management companies grew from 6.09 trillion yuan to 6.3 trillion yuan, an increase of 0.21 trillion yuan, with a quarter-on-quarter growth rate of about 3.45% [2] - Private fund scale increased from 20.19 trillion yuan to 20.6 trillion yuan, reflecting a growth of 0.41 trillion yuan and a quarter-on-quarter increase of approximately 2.03% [2] - The scale of asset-backed special plans (ABS) rose from 2.08 trillion yuan to 2.13 trillion yuan, an increase of 0.05 trillion yuan, with a quarter-on-quarter growth rate of about 2.4% [2] - The scale of private asset management products by futures companies and their subsidiaries increased from 0.32 trillion yuan to 0.36 trillion yuan, marking a growth of 0.04 trillion yuan and a quarter-on-quarter increase of 12.5% [2]

Core Insights - The total scale of asset management products in China has rebounded, increasing by 3.05 trillion yuan in Q2 2025, reaching 75.38 trillion yuan, marking a growth rate of 4.22% compared to Q1 2025 [2][4]. Asset Management Product Scale Changes - As of the end of Q2 2025, the total scale of asset management products reached approximately 75.38 trillion yuan, up from 72.32 trillion yuan at the end of Q1 2025, with a significant increase of 3.05 trillion yuan [4]. - Public funds saw the largest growth, increasing by 2.18 trillion yuan from 32.22 trillion yuan in Q1 to 34.39 trillion yuan in Q2 [7]. Breakdown of Asset Management Products - Public funds accounted for the largest share of the total scale at 34.39 trillion yuan, representing 45.62% of the total. Private funds followed with a scale of 20.6 trillion yuan, making up 27.33% [5]. - Pension funds managed by fund companies reached 6.3 trillion yuan, while private asset management products from securities companies totaled 6.14 trillion yuan [5]. Growth in Specific Fund Types - In Q2 2025, various open-end funds experienced growth, with money market funds and bond funds increasing by 904.4 billion yuan and 869.9 billion yuan, respectively [7]. - Private equity investment funds and venture capital funds also saw increases, with private equity funds growing by 521.9 billion yuan to 11 trillion yuan, and venture capital funds increasing by 483 billion yuan to 3.45 trillion yuan [9][10]. Other Notable Changes - The scale of pension funds increased by 206.4 billion yuan from 6.09 trillion yuan in Q1 to 6.30 trillion yuan in Q2 [10]. - The scale of asset-backed special plans (ABS) rose from 2.08 trillion yuan to 2.13 trillion yuan, with a quarterly increase of 489.1 billion yuan [11].

Core Insights - As of the end of Q2 2025, the total scale of asset management products reached 75.38 trillion yuan [1] Group 1: Asset Management Product Breakdown - Public funds account for 34.39 trillion yuan of the total asset management products [1] - Private asset management products from securities companies and their subsidiaries total 6.14 trillion yuan [1] - Private asset management products from fund management companies and their subsidiaries amount to 5.58 trillion yuan [1] - Pension funds managed by fund management companies reach 6.3 trillion yuan [1] - Private asset management products from futures companies and their subsidiaries total 0.36 trillion yuan [1] - The scale of private equity funds stands at 20.6 trillion yuan [1] - Asset-backed special plans (ABS) amount to 2.13 trillion yuan [1]

Group 1 - The core viewpoint of the article highlights that China Merchants Fund achieved significant financial results in the first half of the year, with operating income of 2.561 billion yuan and net profit of 789 million yuan [1] - As of the end of the reporting period, the total assets under management for China Merchants Fund reached 1.5383 trillion yuan, including the management scale of subsidiaries [1] - The public fund management scale, excluding connection funds, was reported at 896.7 billion yuan, while the non-monetary public fund management scale stood at 522.9 billion yuan [1]