Core Insights - The total scale of private asset management products by securities firms reached 5.73 trillion yuan by the end of September, an increase of approximately 2687.33 billion yuan since the beginning of the year, reflecting a growth rate of 4.92% [1] - Actively managed collective asset management plans have seen significant growth, with their scale rising to 31,957.89 billion yuan, an increase of 3004.97 billion yuan, representing a growth rate of 10.38% and accounting for 55.73% of the total scale of private asset management products [1] - The scale of single asset management plans, primarily focused on channel business, decreased to 25,386.32 billion yuan, a reduction of 317.63 billion yuan, making up 44.27% of the total scale [1] Industry Overview - The total scale of private asset management products across securities and futures institutions reached 12.46 trillion yuan by the end of September, a decrease of 1210.08 billion yuan from the previous month, reflecting a month-on-month decline of 0.96% [1] - The breakdown of private asset management product scales includes 5.73 trillion yuan from securities firms and their asset management subsidiaries, 4.79 trillion yuan from fund management companies, 904.88 billion yuan from fund subsidiaries, and smaller amounts from other entities [2] - Fixed income products dominate the investment types, with 17,550 products accounting for 44.7% of the total number, and a total scale of 8.93 trillion yuan, representing 71.7% of the total asset management scale [2]

Core Insights - The total scale of private asset management products by securities firms reached 5.73 trillion yuan as of the end of September, marking an increase of approximately 2687.33 billion yuan or 4.92% since the beginning of the year [1][2] - Actively managed collective asset management plans have seen significant growth, with a scale of 31,957.89 billion yuan, an increase of 3004.97 billion yuan or 10.38%, accounting for 55.73% of the total scale of private asset management products [1] - Single asset management plans, primarily focused on channel business, decreased to 25,386.32 billion yuan, a reduction of 317.63 billion yuan, representing 44.27% of the total scale [1] Detailed Breakdown - The scale of private asset management products by various entities is as follows: securities companies and asset management subsidiaries at 5.73 trillion yuan, fund management companies at 4.79 trillion yuan, fund subsidiaries at 904.88 billion yuan, private subsidiaries of securities companies at 638.31 billion yuan, futures companies and their asset management subsidiaries at 389.91 billion yuan, and private subsidiaries of fund management companies at 6.29 billion yuan [2] - In terms of investment types, fixed income products dominate both in quantity and scale, with 17,550 products accounting for 44.7% of the total number, and a total scale of 8.93 trillion yuan, representing 71.7% of the total asset management scale [2]