"Top 100 Fund Distributors" Announced in the First Half of the Year, Securities Brokers Added New Factors for Classification Evaluation.

The China Securities Investment Fund Association has disclosed the highly anticipated list of the top 100 public fund sales and holdings in the first half of 2025. In this list, securities firms, as important players in the fund distribution field, performed exceptionally well, occupying a significant portion of the list with 57 securities firms listed. Among them, CITIC Securities continued to hold the title of the "number one fund distributor", with Huatai Securities and Guotai Junan Securities closely following. According to the data, by the end of the first half of the year, the total "equity fund holdings" of the top 100 fund sales organizations reached 5.1374 trillion yuan, a 5.89% increase compared to the end of 2024; the total "stock index fund holdings" reached 1.9522 trillion yuan, representing a significant increase of 14.57% compared to the end of 2024; and the total "non-money market fund holdings" reached 10.1993 trillion yuan, a 6.95% increase compared to the end of 2024. In terms of the composition of the "top 100 fund sales list", securities firms occupy 57 spots, banks have 24 listed, independent fund sales organizations hold 18 spots, and insurance companies have one entry. Historically, the market concentration in the fund distribution field has been relatively low, leading to intense competition among securities firms.