Core Viewpoint - The total scale of asset management products in China has rebounded, increasing by 3.05 trillion yuan in the second quarter of 2025, reaching 75.38 trillion yuan, with public funds being the main driver of this growth [2][5][8]. Summary by Categories Total Asset Management Products - As of the end of Q2 2025, the total scale of asset management products reached approximately 75.38 trillion yuan, an increase from 72.32 trillion yuan at the end of Q1 2025, representing a growth of 4.22% [5][7]. Public Funds - Public funds saw significant growth, increasing from 32.22 trillion yuan at the end of Q1 to 34.39 trillion yuan at the end of Q2, a rise of 2.18 trillion yuan [10][11]. - The total scale of public funds includes various types, with money market funds and bond funds growing by 904.4 billion yuan and 869.9 billion yuan, respectively [10][11]. Private Funds - Private funds also experienced growth, rising from 20.19 trillion yuan at the end of Q1 to 20.60 trillion yuan at the end of Q2, an increase of 406.6 billion yuan [12][13]. - Within private funds, private securities investment funds increased by 322.5 billion yuan, reaching 5.82 trillion yuan [12][13]. Pension Funds - Pension fund assets grew from 6.09 trillion yuan at the end of Q1 to 6.30 trillion yuan at the end of Q2, an increase of 206.4 billion yuan [14]. Securities Companies' Private Asset Management Products - The scale of private asset management products from securities companies and their subsidiaries increased from 5.93 trillion yuan to 6.14 trillion yuan, a rise of 212.6 billion yuan [14]. Historical Context - The total scale of asset management products was 72.85 trillion yuan at the end of last year, but it shrank by approximately 530 billion yuan in Q1 2025 before rebounding in Q2 [7].