Core Viewpoint - The total scale of asset management products in China reached 75.38 trillion yuan as of Q2 2025, with significant contributions from securities companies and their subsidiaries [1][2]. Group 1: Asset Management Product Overview - The total scale of asset management products managed by securities companies and their subsidiaries is approximately 6.14 trillion yuan, with 10,903 collective asset management plans totaling about 30,866.67 billion yuan [1][2]. - As of September 17, 2025, 22 securities firms disclosed their collective asset management plan scales, with nine firms, including CITIC Securities and Guotai Junan, managing over 100 billion yuan each [2]. Group 2: Performance of Securities Asset Management Products - The average return for collective asset management products that have been established for over a year is 9.78%, with a median return of 3.53% [5]. - Among the various types of collective asset management products, stock-type products have the highest average return of 42.03%, while bond-type products have the most significant number at 1,930, with an average return of 3.89% [5][11]. Group 3: Top Performing Products - The top-performing mixed-type asset management products include "Guotai Junan Junxiang Yuanjian" and "Shiji Tianyi No. 1," with significant returns over the past year [6][7]. - The leading stock-type product is "CITIC Securities Zhisheng 500 Index Enhanced No. 1," which has shown impressive returns [11][13]. - The top FOF product is "Guojin Xinxiang Citaong No. 9 FOF," which has also demonstrated strong performance [14][20]. - The best-performing bond-type product is "Diyi Chuangye Convertible Bond Flexible Allocation No. 1," which has achieved notable returns [21][22].