01 同比增幅达 205.85% ！私募备案展现极强韧性 尽管10月因国庆长假缺少一周工作日，但私募产品备案仍展现出极强的韧性。私募排排网最新数据显示，截至2025年10月31日，全市场当月完 成备案的私募证券产品数量达994只 （包含自主发行和担任投顾的产品） ，较9月全月的1038只仅环比小幅下降4.24%，若与9月同期的829只相 比，反而环比增幅达19.90%。若纵向对比去年10月的325只，同比增幅更是飙升至205.85%，这一系列数据清晰印证了当前私募证券产品市场依 旧延续今年以来的火热态势。 排排网集团旗下 融智投资 的FOF基金经理李春瑜表示，10月份私募证券产品备案热度上升，是多方因素共同推动的结果。从投资者角度来看， 随着沪指突破4000点，市场结构性机会凸显，再加上私募产品今年以来的收益表现亮眼，投资者的配置需求持续走高。销售方面，以第三方为 主的销售机构在营销上持续发力，通过多样化的推广方式进一步点燃了投资者的认购热情。市场环境上，北向资金稳步流入，资金面保持宽松， 为私募机构的运作提供了有利条件。同时私募机构也积极把握市场机遇，一方面努力提升产品收益，另一方面加强策略和产品创新，更精 ...

Core Insights - The A-share market has seen a resurgence in 2023, leading to a significant increase in the issuance of private equity products, with a total of 994 private securities products registered in October, a 19.90% increase compared to the same month last year [1][3] - Stock strategy products remain the dominant category, accounting for 68.31% of the total registered products, indicating strong investor demand for equity assets [1][2] - Multi-asset strategy products have gained popularity, with 122 products registered in October, representing 12.27% of the total, reflecting a trend towards diversified investment strategies among private equity firms [1][2] Strategy Distribution - Quantitative stock strategy products have shown steady growth, with 333 out of 432 registered quantitative products being stock strategies, making up 77.08% of the total [2] - Futures and derivatives strategies have also emerged as a significant area for quantitative investment, with 50 products registered, accounting for 11.57% of the total quantitative products [2] - Bond strategies and combination funds have seen similar registration numbers, with 49 and 36 products respectively, representing 4.93% and 3.62% of the total [2] Market Dynamics - The increase in private securities product registrations is attributed to multiple factors, including the Shanghai Composite Index surpassing 4000 points, highlighting structural market opportunities [3] - Third-party sales institutions have intensified marketing efforts, further stimulating investor interest in private equity products [3] - The influx of northbound capital and a stable funding environment have provided favorable conditions for private equity operations, allowing firms to enhance product returns and innovate strategies [3]

Group 1 - The private securities product registration market is experiencing unprecedented activity, with 1,298 products registered in July, a month-on-month increase of 18%, marking the highest level in nearly 27 months. This reflects a significant recovery in market confidence and a sustained demand for private product allocation [1] - The total number of registered products for the year has reached 6,759, representing a year-on-year increase of over 60%, indicating a clear recovery trend in the private issuance market [1] Group 2 - Quantitative private products have been particularly prominent in this registration wave, with 620 quantitative products registered in July, accounting for 47.77% of the total registered products for the month, and a month-on-month growth of nearly 20% [3] - Among the 13 private firms that registered more than 10 products in July, 11 were quantitative firms, with the top ten spots entirely occupied by quantitative institutions. Wide德 Private Fund led with 31 registered products, followed by Mingcong Investment with 26 [3] - Stock quantitative strategies dominate the quantitative product category, with 478 stock strategy quantitative products registered in July, making up 77.10% of the total quantitative products for the month, and a month-on-month increase of 26.79% [3] Group 3 - Stock strategies continue to play a leading role in private product registrations, with 887 stock strategy products registered in July, accounting for 68.34% of the total registered products, and a month-on-month growth of 24.58% [4] - Multi-asset strategies are emerging as a significant force, with 162 products registered in July, representing 12.48% of the total, and a month-on-month increase of 5.88% [4] - Futures and derivatives strategies, bond strategies, and combination fund strategies also show steady growth, with 125, 48, and 46 products registered respectively, indicating a diversification in investment options for investors [4] Group 4 - A total of 676 private institutions completed product registrations in July, including 48 billion-level private funds and 36 funds with 50 to 100 billion in scale, demonstrating active participation across different scales of private institutions [4]

Group 1 - The core viewpoint of the articles highlights a significant increase in the registration of private securities products in July, driven by rising investor confidence and a recovering market [1][2] - In July, a total of 1,298 private securities products were registered, marking an 18% month-on-month increase and the highest level in nearly 27 months [1] - Year-to-date, 6,759 private securities products have been registered, representing a year-on-year increase of over 60% [1] Group 2 - Stock strategies continue to dominate the registration of private securities products, accounting for nearly 70% of the total with 887 products registered in July, reflecting a 24.58% month-on-month increase [1] - Multi-asset strategies are gaining traction, with 162 products registered in July, making up 12.48% of the total, as investors seek to diversify amid increasing market volatility [1] - Quantitative private products remain a key segment, with 620 products registered in July, representing 47.77% of the total, and a nearly 20% month-on-month growth [2] Group 3 - Among quantitative products, stock strategies are the primary focus, with 478 stock strategy quantitative products registered in July, accounting for 77.10% of the total quantitative registrations and a 26.79% month-on-month increase [2] - The majority of stock quantitative products are index-enhanced, with 321 such products registered, making up 67.1% of the stock quantitative total [2] - A total of 676 private institutions registered products in July, with 48 institutions managing over 10 billion and 36 managing between 5 billion to 10 billion [2]

Group 1 - In July, the A-share market saw an increase, with the Shanghai Composite Index reaching 3600 points, leading to a surge in investor confidence and a peak in private equity securities product registrations [1] - A total of 1298 private equity securities products were registered in July, marking an 18% month-on-month increase and the highest level in nearly 27 months [1] - Year-to-date, 6759 private equity securities products have been registered, representing a year-on-year increase of over 60% [1] Group 2 - The stock strategy continues to dominate, accounting for nearly 70% of registered products, with 887 stock strategy products registered in July, making up 68.34% of the total [1] - Multi-asset strategies are gaining traction, with 162 products registered in July, representing 12.48% of the total, as investors increasingly seek diversified asset allocation [1] - Quantitative private equity products remain the mainstay, with 620 products registered in July, accounting for 47.77% of the total, reflecting a nearly 20% month-on-month growth [2] Group 3 - Among quantitative products, stock strategies are the primary focus, with 478 stock strategy quantitative products registered in July, making up 77.10% of the total quantitative products [2] - Index-enhanced products lead the stock quantitative segment, with 321 registered in July, representing 67.1% of the stock quantitative products [2] - A total of 676 private equity institutions had registered products in July, with 48 institutions managing over 10 billion and 36 managing between 5 billion and 10 billion [2]

Core Insights - The A-share market has seen a significant rebound in July, leading to increased investor confidence and a peak in private equity securities product registrations [1][3] - A total of 1,298 private equity securities products were registered in July, marking an 18% month-on-month increase and the highest level in nearly 27 months [1] - Year-to-date, 6,759 private equity securities products have been registered, reflecting a year-on-year growth of 61.39% [1] Strategy Breakdown - Equity strategies dominate the registration landscape, with 887 equity strategy products registered in July, accounting for 68.34% of total registrations and a month-on-month increase of 24.58% [1] - Multi-asset strategies have become the second-largest category, with 162 products registered in July, representing 12.48% of total registrations and a month-on-month increase of 5.88% [1] - Futures and derivatives strategies have also gained traction, with 125 products registered in July, making up 9.63% of total registrations and a stable month-on-month growth of 1.63% [1] Quantitative Products - The registration of quantitative products surged nearly 20% month-on-month, with 620 products registered in July, accounting for 47.77% of total registrations [2] - Year-to-date, the number of registered quantitative products has reached 3,081, representing a year-on-year increase of 77.68% [2] - Among quantitative products, equity strategies are the most prominent, with 478 equity strategy quantitative products registered in July, making up 77.1% of total quantitative registrations and a month-on-month increase of 26.79% [2] Market Drivers - The surge in private equity securities product registrations is driven by multiple factors, including a bullish A-share market and strong performance of quantitative strategy products [3] - The Shanghai Composite Index has successfully surpassed the 3,600-point mark, boosting investor enthusiasm and confidence [3] - Continuous optimization in the supply side of the private equity industry, with the emergence of leading institutions and quality products, has enhanced overall competitiveness and investor recognition [3]

Core Insights - The A-share market has seen a significant rebound in July, leading to increased investor confidence and a peak in private equity securities product registrations [1][6] - A total of 1,298 private equity securities products were registered in July, marking an 18% month-on-month increase and the highest level in nearly 27 months [1] - Year-to-date, 6,759 private equity securities products have been registered, reflecting a year-on-year increase of 61.39% [1] Strategy Breakdown - Stock strategies dominate the registration landscape, with 887 products registered in July, accounting for 68.34% of total registrations and a month-on-month growth of 24.58% [1][3] - Multi-asset strategies have become the second-largest category, with 162 products registered in July, representing 12.48% of total registrations and a month-on-month increase of 5.88% [1][3] - Futures and derivatives strategies have also gained traction, with 125 products registered in July, making up 9.63% of total registrations and a stable month-on-month growth of 1.63% [1][3] Quantitative Products - Quantitative private equity products saw a substantial increase, with 620 products registered in July, accounting for 47.77% of total registrations and a month-on-month growth of 19% [3][5] - Stock strategies are the primary focus within quantitative products, with 478 stock strategy products registered in July, representing 77.1% of total quantitative registrations and a month-on-month increase of 26.79% [4][5] - Among stock quantitative products, index-enhanced products are predominant, with 321 registered in July, accounting for 67.15% of stock quantitative products and a remarkable month-on-month growth of 52.13% [4][5] Market Dynamics - The positive performance of the A-share market, with the Shanghai Composite Index surpassing the 3,600-point mark, has significantly boosted investor enthusiasm and confidence [6] - The private equity sector is experiencing an influx of funds, driven by the superior performance of quantitative strategy products, which are attracting strong asset allocation demand [6] - Continuous optimization in the supply side of the private equity industry, with the emergence of leading institutions and quality products, is enhancing overall competitiveness and improving market perception [6]