以下文章来源于资事堂 ，作者资事堂 资事堂 . 华尔街见闻出品 作 者佳尔 编辑袁畅 牛市真的会带来更多的增量资金。 9 月 12 日晚间，中国基金业协会披露了截至 2025 年年中的基金销售机构公募基金销售保有规模数据。 统计显示，截至 2025 年中，前 100 家基金销售机构的非货保有规模合计达到 10.199 万亿元，相比年初增长 6600 亿，相比去年同期暴增 1.34 万亿。 这显示，顶流机构的客户正在持续将资产投入基金行业，以约每月 1100 亿左右的速度。 宏大的增量资金涌入也在逐步的撬动，场内代销格局的改变。 在权益基金的 " 赛道上 " ，在非货基金的 " 跑道 " 上，在 " 股票型指数基金 " 的舞台上，大中型销售机构正在激烈的竞争 。 蚂蚁基金、天天基金等互联网销售平台，招行、工行、建行、中行等大型银行，中信证券、华泰证券、国泰海通等券商，以及基煜、好买等的第三方机构， 各自 在自己擅长的赛道上发力，争夺这持续流入的资金 ..... 权益基金 " 一超多强 " 权益基金是 2025 年最热门的公募基金品种之一，也是最具关注度的销售赛道。尤其是在最新发布的费率改革草案中，少数具备良好经 ...

Core Insights - The public fund industry in China has shown significant growth, with the total management scale reaching approximately 34.05 trillion yuan as of June 30, 2025, an increase of 1.64 trillion yuan compared to the end of 2024 [1] - The top 30 institutions in the non-monetary market fund management scale account for 72.75% of the total, indicating a high concentration in the industry [1] - E Fund and Huaxia Fund are the leading institutions with non-monetary market fund management scales exceeding 1 trillion yuan [1] Industry Overview - As of June 30, 2025, the management scale of non-monetary market funds reached approximately 20.11 trillion yuan, up by 1.03 trillion yuan from the end of the previous year [1] - Among the top 30 institutions, 26 experienced growth in their non-monetary market fund management scale compared to the end of 2024, with seven institutions showing growth rates of 10% or more [1] - The rankings of E Fund, Huaxia Fund, and GF Fund remained unchanged in both time periods, consistently holding the top three positions [1] Performance Analysis - A total of 92 out of 162 public institutions achieved net growth in non-monetary market fund management scale, representing 56.79% of the total [4] - The top three institutions by net growth amount were Fuguo Fund (847.48 billion yuan), GF Fund (720.25 billion yuan), and Huitianfu Fund (631.6 billion yuan) [4] - The most significant growth rates were observed in Dongcai Fund (48.18%), Haifutong Fund (39.41%), and Huatai-PB Fund (39.14%) [4] Fund Classification - The combined management scale of equity funds, mixed funds, and bond funds accounted for 93.58% of the total non-monetary market fund management scale [7] - Alternative investment funds, particularly those investing in precious metals like gold, have seen substantial growth, reflecting an increased demand for diversified investment options [7] - In the equity fund management scale, Huaxia Fund and E Fund are among the top institutions, while Yongying Fund has shown the highest growth rate in both the half-year and quarterly periods [7]