AMAC: In December, securities and futures brokerage institutions filed a total of 51.158 billion yuan in private equity management products, an increase of 15.12% year-on-year.

On January 22nd, the Asset Management Association of China (AMAC) published the monthly report for the registration of private fund management products by securities and futures brokerage firms in December 2024. In December 2024, securities and futures brokerage firms registered a total of 1209 private fund management products, an increase of 30.28% compared to the previous month and an increase of 27.00% compared to the same period last year; the total size of these products reached 511.58 billion yuan, an increase of 16.05% compared to the previous month and an increase of 15.12% compared to the same period last year. In terms of institutional types, products from securities firms and their subsidiaries accounted for the highest proportion among the private fund management products registered in December. In terms of product types, the average size of collective products registered in December was 0.66 billion yuan per product, a decrease of 2.78% compared to the previous month; the average size of individual products registered in December was 0.21 billion yuan per product, a decrease of 25.31% compared to the previous month. In terms of investment types, fixed income products were the predominant type among the products registered in December. Private Fund Management Products in Existence: As of the end of December 2024, the total scale of private fund management products managed by securities and futures brokerage firms was 12.18 trillion yuan (excluding social security funds and enterprise annuities), a decrease of 306.56 billion yuan from the previous month, a decrease of 0.25%. In terms of product types, the number and size of existing single asset management plans and collective asset management plans were similar. In terms of investment types, fixed income products accounted for the largest proportion in terms of both quantity and size among the four categories of products. Mixed-class products ranked second in terms of quantity, equity-class products ranked second in terms of size, and the number and size of futures and derivative products were relatively small. Distribution of Private Fund Management Products by Securities and Futures Brokerage Firms: As of the end of December 2024, securities firms and their asset management subsidiaries had an average management scale of 569.34 billion yuan for private fund management products, with a median management scale of 207.11 billion yuan; securities firms' private fund subsidiaries had an average management scale of 85.83 billion yuan for private funds, with a median management scale of 24.65 billion yuan; fund management companies had an average management scale of 353.05 billion yuan for private fund management products, with a median management scale of 102.77 billion yuan; fund subsidiaries had an average management scale of 175.98 billion yuan for private fund management products, with a median management scale of 32.78 billion yuan; futures brokerage firms and their asset management subsidiaries had an average management scale of 28.57 billion yuan for private fund management products, with a median management scale of 2.49 billion yuan.