Core Viewpoint - The report indicates a significant increase in the number of private asset management products registered by securities and futures institutions in April 2025, reflecting a growing trend in the private asset management sector in China [1][2]. Group 1: Product Registration Data - In April 2025, a total of 1,545 private asset management products were registered, representing a month-on-month increase of 5.60% and a year-on-year increase of 103.56% [1]. - The total establishment scale of these products was 68.57 billion yuan, showing a slight month-on-month decrease of 0.36% but a year-on-year increase of 32.19% [1]. - The average establishment scale for collective products was 7.2 million yuan, down 4.58% month-on-month, while for single products, it was 2.1 million yuan, down 11.32% [3]. Group 2: Product Type Analysis - Among the registered products, mixed-type products had the highest number, while fixed-income products had the largest establishment scale [4]. - The breakdown of registered products by investment type shows that equity products accounted for 66 products with a scale of 2.53 billion yuan (3.69%), fixed-income products accounted for 539 products with a scale of 34.50 billion yuan (50.32%), futures and derivatives accounted for 168 products with a scale of 14.83 billion yuan (21.63%), and mixed products accounted for 772 products with a scale of 16.71 billion yuan (24.37%) [5]. Group 3: Total Asset Management Scale - As of the end of April 2025, the total scale of private asset management products managed by securities and futures institutions reached 12.01 trillion yuan, an increase of approximately 163.73 billion yuan from the previous month, representing a month-on-month growth of 1.38% [7]. - The proportion of existing collective asset management plans was 51.9%, while single asset management plans accounted for 48.1% [8]. Group 4: Institutional Management Scale - The average management scale of private asset management products by securities companies and their subsidiaries was 56.54 billion yuan, with a median of 19.26 billion yuan [14]. - Fund companies had an average management scale of 34.84 billion yuan, with a median of 9.07 billion yuan [17]. - Futures companies and their subsidiaries had an average management scale of 3.37 billion yuan, with a median of 0.29 billion yuan [21].

【 导读】 私募资管产品规模 4月增加 1637 亿元至 12.01万亿元 见习记者 庄佳 6月25日，中国证券投资基金业协会发布4月证券期货经营机构私募资管产品备案月报。 数据显示， 2025年4月，证券期货经营机构共备案私募资管产品1545只，环比增加5.60%，同比增加103.56%；设立规模 为 685.70亿元，环比减少0.36%，同比增加32.19%。 从机构类型看，4月备案的私募资管产品中，证券公司及其子公司产品占比 较 高。 | 机构类型 | 备案数量(只) | | 设立规模(亿元)规模占比(%) | | --- | --- | --- | --- | | 证券公司及其资管子公司 | 973 | 386. 85 | 56. 42 | | 证券公司私募子公司 | 18 | 13. 83 | 2.02 | | 基金管理公司 | 251 | 71. 44 | 10. 42 | | 基金子公司 | 1 69 | 185.51 | 27. 05 | | 基金管理公司私募子公司 | 2 | 1.13 | 0. 16 | | 期货公司及其资管子公司 | 132 | 26. 95 | 3.93 | | 计 台 ...