On April 26, the Asset Management Association of China (AMAC) released the March monthly report on the record-filing of private fund management products by securities and futures operating institutions. According to the disclosure, in March 2024, securities and futures operating institutions had a total of 754 private fund management products filed, an increase of 51.71% compared to the previous month, and a decrease of 29.86% compared to the same period last year; the total size of these products was 534.25 billion yuan, an increase of 127.51% compared to the previous month, and a decrease of 9.73% compared to the same period last year. Of the 754 products filed in March, 69.63% were products of securities companies and their subsidiaries, 24.54% were products of fund companies and their subsidiaries, and the rest were products of futures companies and their asset management subsidiaries. In terms of product types, the average size of collective products filed in March was 1.15 billion yuan per product, an increase of 63.86% compared to the previous month, while the average size of single products was 0.30 billion yuan per product, an increase of 3.3% compared to the previous month. In terms of investment types, fixed-income products were the main type of products filed in March. Private fund management product statistics As of the end of March 2024, the total scale of private fund management business of securities and futures operating institutions was 12.07 trillion yuan (excluding social security funds and enterprise annuities), a decrease of 196.1 billion yuan from the end of the previous month, a decrease of 1.6%. In terms of product types, the number and scale of existing single asset management plans were higher than collective asset management plans. In terms of investment types, fixed-income products accounted for the largest proportion among the four types of products, followed by mixed products in terms of number, equity products in terms of scale, and futures and derivatives products had relatively small numbers and scales. Distribution of private fund management business scale managed by securities and futures operating institutions As of the end of March 2024, the average scale of private fund management business managed by securities companies and their asset management subsidiaries was 558 billion yuan, with a median scale of 231 billion yuan; the average scale of private fund management business managed by private fund subsidiary companies of securities companies was 86 billion yuan, with a median scale of 22 billion yuan; the average scale of private fund management business managed by fund management companies was 353 billion yuan, with a median scale of 94 billion yuan; the average scale of private fund management business managed by fund subsidiary companies was 182 billion yuan, with a median scale of 40 billion yuan; the average scale of private fund management business managed by futures companies and their asset management subsidiaries was 24 billion yuan, with a median scale of 3 billion yuan.