Core Insights - As of July 2025, the total net asset value of public funds in China has surpassed 35 trillion yuan, reaching 35.08 trillion yuan, marking a significant milestone in the public fund market [1] Fund Market Overview - The number of public fund management institutions in China stands at 164, including 149 fund management companies and 15 asset management institutions with public fund qualifications [1] - The total number of public funds reached 13,014, with a total share of 310.12 billion units and a net value of 350,755.87 million yuan as of July 31, 2025 [2] Fund Performance - In July, the overall scale of public funds experienced a month-on-month growth of 1.99%, with total shares slightly increasing by 0.40% [2] - The stock fund share decreased by 0.33%, marking three consecutive months of decline, while the mixed fund share fell by 1.22%, reversing the previous month's growth trend [3] - Despite the decline in shares, the unit net value of equity funds increased, leading to a monthly growth of 1,925.94 million yuan for stock funds, a 4.07% increase, reaching 4.92 trillion yuan [3] Fund Type Analysis - Bond funds saw a decrease in scale by 481.92 million yuan, down to 7.24 trillion yuan, a decline of 0.66%, while money market funds increased by 3,813.84 million yuan, reaching 14.61 trillion yuan, a growth of 2.68% [3] - QDII funds showed strong performance, with total scale surpassing 700 billion yuan for the first time, reaching 7300.44 million yuan, driven by renewed investor interest following the issuance of new QDII quotas [4]