China Securities Investment Fund Association: In March, a total of 1,463 private sale asset management products were registered by securities and futures operating institutions, an increase of 94.03% year-on-year.

Jin10 data reported on April 30, according to the China Securities Investment Fund Industry Association, as of March 2025, securities and futures operating institutions registered a total of 1,463 private sale asset management products, an increase of 76.69% month-on-month and 94.03% year-on-year; the establishment scale was 68.82 billion yuan, an increase of 50.51% month-on-month and 28.82% year-on-year. As of the end of March 2025, the total scale of private sale asset management products of securities and futures operating institutions was 11.84 trillion yuan (excluding social security funds and corporate annuities), a decrease of 33.8015 billion yuan compared to the end of last month, a month-on-month decline of 2.77%.