On June 25th, the Fund Industry Association announced that as of May 2024, securities and futures firms had filed a total of 686 private placement fund management products, a decrease of 9.62% month-on-month and 14.68% year-on-year. The total establishment scale was 522.19 billion yuan, an increase of 0.67% month-on-month and 22.16% year-on-year. Securities companies and their subsidiaries had the highest proportion of products among the private placement fund management products filed in May. In terms of product types, the average establishment scale of collective products filed in May was 120 million yuan per product, an increase of 27.66% month-on-month, while the average establishment scale of single products per product was 29 million yuan, a decrease of 25.64% month-on-month. In terms of investment types, fixed income and mixed products were the main products filed in May. As of the end of May 2024, the total scale of private placement fund management products managed by securities and futures firms was 12.85 trillion yuan (excluding social security funds and corporate pensions), an increase of 192.4 billion yuan from the end of the previous month, a growth of 1.5%. In terms of product types, the number and scale of single asset management plans were higher than collective asset management plans. In terms of investment types, fixed income products accounted for the largest proportion in terms of quantity and scale among the four types of products, followed by mixed products in quantity, equity products in scale, and futures and derivatives products had relatively smaller numbers and scales. As of the end of May 2024, the average scale of private placement fund management products managed by securities companies and their asset management subsidiaries was 606 billion yuan, with a median scale of 232 billion yuan; securities company private placement subsidiaries managed an average of 82 billion yuan with a median scale of 22 billion yuan; fund management companies managed an average of 371 billion yuan with a median scale of 91 billion yuan; fund subsidiaries managed an average of 188 billion yuan with a median scale of 37 billion yuan; futures companies and their asset management subsidiaries managed an average of 28 billion yuan with a median scale of 3 billion yuan.