In April 2026, the Securities and Futures Industry Association of China issued the monthly report on the filing of private equity management products by securities and futures operating agencies. In April 2026, securities and futures operating agencies filed a total of 2,694 private equity management products, an increase of 3.30% compared to the previous month and an increase of 74.37% year-on-year; with a total establishment scale of 1,352.67 billion yuan, an increase of 10.87% compared to the previous month and an increase of 97.27% year-on-year. In terms of institution types, securities companies and their subsidiaries had the highest proportion of private equity management products filed in April. In terms of product types, the average establishment scale of collective products filed in April was 0.69 billion yuan per product, a decrease of 17.51% compared to the previous month; the average establishment scale of single products was 0.35 billion yuan per product, an increase of 80.28% compared to the previous month. In terms of investment types, the number of hybrid products filed in April was the highest, with the largest establishment scale for fixed income products. Private equity management product status As of the end of April 2026, the total scale of private equity management products managed by securities and futures operating agencies was 12.85 trillion yuan (excluding social security funds and enterprise annuities), an increase of 4458.94 billion yuan from the end of the previous month, a growth of 3.59% month-on-month. In terms of product types, the number of existing single products and collective products is tending to balance, with the scale of collective products slightly higher than that of single products. In terms of investment types, the number of hybrid products is the highest, with fixed income products accounting for the largest proportion among the four categories of products. Distribution of private equity management product scale managed by securities and futures operating agencies As of the end of April 2026, securities companies and their asset management subsidiaries had an average managed scale of 642.07 billion yuan for private equity management products, with a median scale of 247.31 billion yuan; securities company private equity subsidiaries had an average managed scale of 89.85 billion yuan and a median scale of 21.54 billion yuan; fund management companies had an average managed scale of 359.37 billion yuan and a median scale of 99.27 billion yuan for private equity management products; fund subsidiaries had an average managed scale of 148.16 billion yuan and a median scale of 33.06 billion yuan for private equity management products; futures companies and their asset management subsidiaries had an average managed scale of 39.49 billion yuan and a median scale of 3.78 billion yuan for private equity management products.