近期，部分中小型基金公司规模出现"暴涨暴跌"的现象引起市场高度关注。公募基金行业发展有其 自身的特点，其规模忽大忽小，显然是不正常的，背后则是所谓的"帮忙资金"在作祟。个人以为，对于 公募行业的"帮忙资金"，应坚决说"不"。 我国公募基金行业的发展，历经了从无到有，从小到大的历程。中国证券投资基金业协会的数据显 示，截至2025年三季度末，公募基金的规模已达到34.39万亿元，基金产品12905只。公募行业的庞大规 模在资本市场中发挥了中流砥柱的作用。 尽管整个行业发展取得了不俗的成绩，但个中存在的问题同样也不少。从公募基金公司看，一百余 家基金公司，其发展极不均衡，也呈现出非常明显的强者恒强，弱者恒弱的"马太效应"。有的基金公司 管理的规模达到数百亿甚至上千亿元，有的则不足百亿，甚至低于50亿元。 从基金类型来看，股票型基金、混合型基金、债券型基金，以及货币型基金的发展同样存在差异。 总体而言，债券型、货币型基金的规模往往大于股票型与混合型基金。 公募行业新基金的发行，除了通过行业创新、明星基金经理挂帅等方式吸引投资者外，借助于"帮 忙资金"的加盟也是常用的手段。所谓的帮忙资金，主要指基金公司自身投入的资金 ...

Core Insights - As of July 2025, there are 164 public fund management institutions in China, including 149 fund management companies and 15 asset management institutions with public qualifications, managing a total net asset value of 35.08 trillion yuan [1]. Fund Market Data - The total number of funds reached 13,014, with a total share of 310,116.69 million and a net value of 350,755.87 million yuan as of July 31, 2025 [2]. - Closed-end funds consist of 1,333 funds with a share of 34,099.11 million and a net value of 37,434.01 million yuan, showing a slight decrease in net value from the previous month [2]. - Open-end funds account for 11,681 funds with a share of 276,017.58 million and a net value of 313,321.86 million yuan, reflecting an increase in net value compared to June 2025 [2]. - Among open-end funds, stock funds total 3,074 with a net value of 49,225.56 million yuan, while mixed funds have 5,203 with a net value of 38,274.99 million yuan [2]. - Bond funds consist of 2,714 with a net value of 72,394.83 million yuan, and money market funds have 369 with a net value of 146,126.05 million yuan [2]. - QDII funds total 321 with a net value of 7,300.44 million yuan, indicating growth from the previous month [2].