随着整改的不断推进，券商大集合产品将正式淡出历史舞台。 证监会网站显示，7月16日，国信证券资管的一款产品申请变更为鹏华基金的产品。7月15日，国投证券资管的 一款产品申请变更为安信基金的产品。7月8日，信达证券资管的一款产品申请变更为信达澳亚基金的产品。 这是券商资管大集合产品在转为公募产品，而且这一进度正在加快。始于2018年底的券商大集合整改，至今已 经接近7年。由于整改过程存在一定难度，不少产品一再延期。目前，仍有产品原计划6月底到期，继续选择了 延期到今年下半年。在具体的整改过程中，还有的大集合产品选择清盘，有的选择转为私募产品等。 清盘 7月9日，信达证券资管大集合产品"信达价值精选一年持有期灵活配置混合型集合资产管理计划"发布了清算报 告。 据悉，该大集合产品于2025年6月30日到期。报告提到，"本集合计划到期后，按照中国证监会相关规定执行。 如本集合计划到期后，不符合法律法规或中国证监会的要求而须终止本集合计划的，无须召开集合计划份额持 有人大会。本集合计划于2025年6月30日存续期届满。存续期届满后，本集合计划将根据《资产管理合同》的 约定进入财产清算程序。" 转私募 6月底，国投证券发 ...

Core Viewpoint - The pace of disposal for brokerages' public-like collective products has accelerated, with many firms opting to transfer management to public fund companies and register these products as public funds [1][2][4] Group 1: Current Trends - Brokerages are increasingly transferring their public-like collective products to affiliated public fund companies as a mainstream disposal method [2][6] - On June 28, Guotai Junan Asset Management announced plans to transfer three of its public-like collective products to Anxin Fund Management [1][3] - CICC extended the expiration date of its collective products from June 30, 2025, to November 30, 2025, and plans to change the management to CICC Fund [3][7] Group 2: Regulatory Context - The 2018 regulatory guidelines require brokerages to convert public-like collective products to comply with public fund standards, with various pathways for compliance [4][5] - As of now, only about ten brokerages have obtained public fund licenses, making it easier for them to transition their public-like collective products to public funds [4][6] Group 3: Market Dynamics - As of the first quarter of this year, there are 150+ public-like collective products from 37 brokerages, with a total scale of 354.9 billion [7] - Many brokerages have not disclosed specific plans for the conversion of their public-like collective products, merely extending their expiration dates [7][8] - If these products are not converted by the end of this year, they may face liquidation, as regulatory bodies have not granted widespread extensions [8]