专题：2025基金行业年终大盘点：公募规模近36万亿元，主动权益重夺主场，"冠军基"揭榜倒计时 责任编辑：江钰涵 专题：2025基金行业年终大盘点：公募规模近36万亿元，主动权益重夺主场，"冠军基"揭榜倒计时 责任编辑：江钰涵 ...

公募基金总规模再创历史新高。 12月29日晚，中国证券投资基金业协会发布最新数据显示，截至2025年11月底，我国境内公募基金管理机构共165家，其中基 金管理公司150家，取得公募资格的资产管理机构15家。以上机构管理的公募基金资产净值合计37.02万亿元。 | 类别 | 基金数量(只) | 份额(亿份) | 净值(亿元) | 基金数量(只) | 份额(亿份) | 净值(亿元) | | --- | --- | --- | --- | --- | --- | --- | | | (2025/11/30) | (2025/11/30) | (2025/11/30) | (2025/10/31) | (2025/10/31) | (2025/10/31) | | 股票基金 | 3,371 | 38,210.97 | 57.982.89 | 3.308 | 37,427.86 | 59,284.90 | | 债券基金 | 3,858 | 88.657.06 | 105,240.51 | 3,839 | 88.506.86 | 104.898.36 | | 货币市场基金 | 362 | 151,859.24 | 15 ...

| 类别 | 基金数量(只) | 份额(亿份) | 净值(亿元) | 基金数量(只) | 份额(亿份) | 净值(亿元) | | --- | --- | --- | --- | --- | --- | --- | | | (2025/11/30) | (2025/11/30) | (2025/11/30) | (2025/10/31) | (2025/10/31) | (2025/10/31) | | 股票基金 | 3,371 | 38,210.97 | 57,982.89 | 3,308 | 37,427.86 | 59,284.90 | | 债券基金 | 3,858 | 88.657.06 | 105.240.51 | 3,839 | 88,506.86 | 104.898.36 | | 货币市场基金 | 362 | 151,859.24 | 151,876.09 | 364 | 150.506.34 | 150.521.60 | | 混合基金 | 4.820 | 25,832.10 | 35.988.03 | 4,801 | 25,723.64 | 36.706.15 | | 基金中基金 | 532 | ...

中国证券投资基金业协会网站最新发布的公募基金市场数据显示，截至2025年11月底，我国公募基金总 规模为37.02万亿元，这是我国公募基金总规模今年以来第八次创下历史新高。 分类型来看，今年11月货币基金规模增长超1300亿元，贡献最大规模增量，此外债券基金、FOF、QDII 基金的规模也实现小幅增长。而股票基金和混合基金规模在11月分别下降1302亿元和718亿元。 | 英别 | 基金数量(只) | 份额(亿份) | | 净值(亿元) 基金数量(只) | 份额(亿份) | 净值(亿元) | | --- | --- | --- | --- | --- | --- | --- | | | (2025/11/30) | (2025/11/30) | (2025/11/30) | (2025/10/31) | (2025/10/31) | (2025/10/31) | | 股票基金 | 3,371 | 38,210. 97 | 57.982.89 | 3.308 | 37.427.86 | 59.284.90 | | 债券基金 | 3.858 | 88.657.06 | 105,240,51 | 3.839 | 8 ...

Core Viewpoint - The total scale of public funds in China has reached a historical high of 36.96 trillion yuan as of the end of October 2023, marking the seventh consecutive month of growth [2][6]. Fund Scale and Growth - As of October 2023, the total scale of public funds increased by 0.59% compared to September, while the total share rose by 1.08% [6][8]. - The public fund scale has grown by 4.13 trillion yuan compared to the end of last year, with an annual growth rate exceeding 12% [8]. Fund Types and Performance - Investors showed the highest enthusiasm for stock, QDII, and money market funds, all of which experienced varying degrees of growth in share [2][11]. - The number of public fund management institutions in China reached 165, managing a total net asset value of 36.96 trillion yuan [4]. Specific Fund Categories - As of October 2023, the share of stock funds reached 3.74 trillion shares, up 1.79% from September, while mixed fund shares decreased by 0.44% to 2.88 trillion shares [8][9]. - The scale of stock funds fell by 0.49% to 5.93 trillion yuan, and mixed funds decreased by 1.27% to 4.26 trillion yuan due to a decline in net value [10][11]. - Bond funds faced the most significant redemptions, with shares and scale dropping by 2.32% and 1.45%, respectively, to 5.63 trillion shares and 7.1 trillion yuan [11]. QDII and Money Market Funds - QDII funds saw a substantial increase in share, reaching 7367.27 billion shares, a rise of 7.09%, with the latest scale at 9390.08 billion yuan, up 3.12% [11]. - Money market funds experienced a growth of 3855.36 billion yuan, reflecting a 2.63% increase as some institutional funds returned to this category [11].

Group 1 - The core viewpoint of the articles highlights the rapid growth of QDII and money market funds in China's public fund market, with total net asset value reaching 36.96 trillion yuan by the end of October 2025, marking a new high compared to the end of September 2025 [1] - The number of public fund management institutions in China stands at 165, including 150 fund management companies and 15 asset management institutions with public qualifications [1] - Money market funds have seen a significant increase in scale, growing by over 385.5 billion yuan since the end of September 2025 [1] Group 2 - In contrast, stock funds, mixed funds, and bond funds have experienced a decrease in scale compared to the end of September 2025, with bond funds seeing a reduction of over 100 billion yuan due to net redemptions [2] - The adjustments in the bond market and the impact of new redemption fee regulations for bond funds are likely reshaping the product landscape [2] - Despite fluctuations in the equity market entering the fourth quarter, mixed fund net redemptions have slowed down, while stock funds have seen a net increase in shares [3] Group 3 - As of October 31, 2025, the total number of funds is 13,381, with a total share of approximately 313.8 billion and a total net value of about 369.6 billion yuan [4] - The breakdown of fund categories shows that closed-end funds number 1,329 with a net value of approximately 36.9 billion yuan, while open-end funds total 12,052 with a net value of around 332.7 billion yuan [4] - Specific fund categories include 3,304 stock funds with a net value of about 59.3 billion yuan, 5,284 mixed funds with a net value of approximately 42.6 billion yuan, and 2,776 bond funds with a net value of around 71 billion yuan [4]

协会数据显示，截至2025年10月底，我国境内公募基金管理机构共165家，其中基金管理公司150家，取 得公募资格的资产管理机构15家。 11月28日，中国证券投资基金业协会发布的最新数据显示，截至2025年10月底，我国公募基金资产净值 合计36.96万亿元，再创新高。 今年8月底，公募基金规模首次突破36万亿元，9月底达36.74万亿元。与9月底相比，10月公募基金规模 增长超2000亿元。具体来看，10月公募基金规模增长主要来自于货币基金，货币基金规模较9月底增长 超3800亿元。股票基金、混合基金、债券基金规模均微幅下降。 ...

Core Insights - The public fund industry in China is experiencing significant growth, with total net asset value surpassing 36.74 trillion yuan by the end of September 2023, marking an increase of 3.92 trillion yuan or nearly 12% from the end of 2022 [3][4] - In contrast, Anxin Fund's management scale has declined, with a reduction of 139.04 billion yuan, representing a 14% decrease, bringing its total to 853.71 billion yuan by the end of September 2023 [3][4] Industry Growth - The public fund industry has shown robust growth, with stock funds increasing by 1.5 trillion yuan, a growth rate of 33.73%, while bond funds only saw a modest increase of 0.36 trillion yuan or 5.27% [4] - The total net asset value of public funds reached 36.74 trillion yuan by September 2023, up from 33 trillion yuan at the end of 2022 [3][4] Anxin Fund's Performance - Anxin Fund's product structure is a contributing factor to its declining management scale, with approximately 40% of its assets in equity funds, while stock funds account for less than 10% of its total management scale [4] - As of the end of September 2023, Anxin Fund's stock fund size was 70.73 billion yuan, while its bond fund size was 322.7 billion yuan, both showing significant declines [4] Impact of Key Personnel Changes - The departure of prominent fund manager Zhang Yifei has also impacted Anxin Fund, with his resignation affecting the management of nine funds, which collectively saw a decrease in size from 298.57 billion yuan to 211.77 billion yuan [5][6] - Zhang Yifei was a key figure in Anxin Fund's investment team, having held various significant positions since joining in 2012 [6] Regulatory Environment - The regulatory focus on increasing the proportion of equity investments in public funds presents a challenge for Anxin Fund, which has a strong emphasis on fixed-income products [7]

Core Insights - As of September 2025, the number of public fund management institutions in China reached 165, comprising 150 fund management companies and 15 asset management institutions with public qualifications [1] - The total net asset value of public funds managed by these institutions hit a record high of 36.74 trillion yuan, marking a significant increase since it first surpassed 36 trillion yuan in August [1] Fund Categories Summary - The latest scale of QDII funds, equity funds, and mixed funds stands at 910.62 billion yuan, 5.95 trillion yuan, and 4.31 trillion yuan respectively, with quarter-on-quarter growth rates of 14.21%, 7.28%, and 3.64% [1] - Conversely, the latest scale of bond funds and money market funds is 7.2 trillion yuan and 14.67 trillion yuan, showing quarter-on-quarter decreases of 0.09% and 0.96% [1] - Compared to the end of August, the public fund scale increased by nearly 500 billion yuan in September, with equity funds alone contributing over 400 billion yuan to this growth [1]

Core Insights - As of September 2025, there are 165 public fund management institutions in China, including 150 fund management companies and 15 asset management institutions with public qualifications [1] - The total net asset value of public funds managed by these institutions reached 36.74 trillion yuan, marking a new high following the previous milestone of 36 trillion yuan in August [1] - The latest sizes of QDII funds, equity funds, and mixed funds are 910.62 billion yuan, 5.95 trillion yuan, and 4.31 trillion yuan, with quarter-on-quarter growth rates of 14.21%, 7.28%, and 3.64% respectively [1] - Conversely, the latest sizes of bond funds and money market funds are 7.2 trillion yuan and 14.67 trillion yuan, showing quarter-on-quarter decreases of 0.09% and 0.96% [1] - Compared to the end of August, the public fund size increased by nearly 500 billion yuan in September, with equity funds alone growing by over 400 billion yuan [1]