单一资产管理计划

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券商最新私募资管规模达5.52万亿元 固收类产品占比超八成
Zheng Quan Ri Bao· 2025-07-31 15:53
Core Viewpoint - The asset management business of securities firms in China is steadily developing towards specialization and differentiation, with a significant increase in private asset management product scale as of June 2023 [1][2]. Group 1: Product Scale and Growth - As of June 2023, the total scale of private asset management products by securities firms reached 5.52 trillion yuan, marking the highest level since October of the previous year, with an increase of 551.32 billion yuan compared to the end of last year [1]. - The scale of actively managed collective asset management plans was 3.09 trillion yuan, reflecting a growth of 6.61% from the end of last year, while single asset management plans decreased by 5.30% to 2.43 trillion yuan [1]. - The proportion of collective asset management plans increased from 52.97% at the end of last year to 55.91% as of June 2023, indicating a shift towards enhanced active management capabilities [1]. Group 2: Product Structure - Fixed-income products remain the dominant category within private asset management products, with a scale of 4.55 trillion yuan, accounting for 82.50% of the total [2]. - Mixed-asset products and equity products accounted for 10.42% and 6.47% of the total scale, respectively, while futures and derivatives products made up 0.61% [2]. - In June 2023, newly established fixed-income products totaled 308.16 billion yuan, representing 56.29% of all new private asset management products for that month [2]. Group 3: Industry Trends and Competition - There is a noticeable disparity in the management scale of private asset management products among securities firms, with an average scale of 581.14 billion yuan and a median of 216.21 billion yuan as of June 2023 [3]. - The industry is witnessing increased competition, prompting firms to enhance their asset management capabilities and apply for public fund management qualifications to broaden their business scope [3]. - Companies like Shenwan Hongyuan and Nanjing Securities are focusing on accelerating transformation and innovation, enhancing active management, and optimizing product design to strengthen their competitive edge in the asset management sector [3].
券商资管年报大扫描:管理规模触底回升,降费冲击波压制盈利能力
券商中国· 2025-04-06 23:13
随着年报披露进程不断推进,券商资管业务开展情况也逐步清晰。 从增速上来看,头部券商增速普遍不高。 中信证券去年的数据是13884.61亿元,同比增速约为11.09%,国泰君安 受托管理资产总规模较上年末增长6.5%,中金公司受托管理总规模甚至出现了小幅度的下滑。 相对于规模,产品结构的变化可能更值得关注。其中最大的变化就是集合资产管理计划规模的快速扩张。 2024年2月,券商私募资管的集合资产管理计划规模达到2.67万亿元,首次超过了单一资产管理计划,并连续保持 了10个月的领先优势,规模差距亦逐渐拉大。这表明,在资管新规之后,券商资管近年来持续发力主动管理,已经 取得了明显的阶段性成果。 2024年,券商私募资管受托管理资产总规模实现了触底回升。根据中国证券投资基金业协会统计,截至2024年末, 证券公司及其资管子公司私募资管产品规模5.47万亿元、较上年末增长3.0%。 券商中国记者梳理多家头部券商相关 业务数据发现,头部券商资管2024年整体管理规模实现了比较稳定的增长,其中中信证券成为唯一一家在管规模超 过1.5万亿元的券商。 值得注意的是,券商资管受到市场波动和行业管理费用下行的双重冲击,部分公司收 ...