On February 28, the Asset Management Association of China (AMAC) published the monthly report on the filing of private fund management products by securities and futures brokerage institutions for January 2024. In January 2024, securities and futures brokerage institutions filed a total of 803 private fund management products, a 16% decrease from the previous month but a 65% increase year-on-year. The total size of these products was 52.7 billion yuan, a 19% increase from the previous month and a 79% increase year-on-year (see Figure 1). Of the 803 products filed in January, 69% were products of securities companies and their subsidiaries, while 22% were products of fund companies and their subsidiaries (see Table 1). In terms of product types, the average size of collective products filed in January showed a significant increase, 34% higher than the average size of products filed in the past year (see Table 2). In terms of investment types, fixed income and mixed products were the main types of products filed in January (see Table 3). As of the end of January 2024, the total scale of private fund management business of securities and futures brokerage institutions was 12.13 trillion yuan (excluding social security funds and enterprise annuities), a decrease of 278.6 billion yuan from the end of the previous month, a 2.2% decrease. The distribution of the scale of existing products of securities and futures brokerage institutions is shown in Figure 2. In terms of product types, the number and scale of existing single asset management plans are higher than collective asset management plans (see Table 4). In terms of investment types, fixed income products account for the largest proportion in terms of both number and scale among the four product categories, while mixed products have the second highest number, equity products have the second highest scale, and the number and scale of futures and derivative products are relatively small (see Table 5). As of the end of January 2024, the average size of private fund management business managed by securities companies and their asset management subsidiaries was 54.6 billion yuan, with a median size of 22.9 billion yuan; the average size of private fund management business managed by private fund subsidiaries of securities companies was 8.5 billion yuan, with a median size of 2.3 billion yuan; the average size of private fund management business managed by fund management companies was 35.9 billion yuan, with a median size of 9.6 billion yuan; the average size of private fund management business managed by fund subsidiaries was 19.8 billion yuan, with a median size of 5.4 billion yuan; the average size of private fund management business managed by futures companies and their asset management subsidiaries was 2.4 billion yuan, with a median size of 0.4 billion yuan. The distribution of the scale of private fund management business of securities and futures brokerage institutions is shown in Figures 3 to 7.