On August 23rd, the Association of Fundraising Professional Disclosures revealed that as of July 2024, securities and futures brokerage firms had a total of 878 private equity management products on record, an increase of 1.97% compared to the previous month and an increase of 6.94% compared to the previous year; with a total established size of 543.38 billion RMB, an increase of 32.41% compared to the previous month and an increase of 4.77% compared to the previous year. In terms of institution type, securities firms and their subsidiaries had the highest proportion of products among the private equity management products filed in July. In terms of product type, the average size of collectively managed products filed in July was 83 million RMB per product, an increase of 32.29% compared to the previous month, while the average size of single managed products was 41 million RMB per product, an increase of 23.81% compared to the previous month. In terms of investment type, fixed income and mixed investment products were the main types of products filed in July. Existing Private Equity Management Products As of the end of July 2024, the total size of private equity management products managed by securities and futures brokerage firms was 12.84 trillion RMB (excluding social security funds and enterprise annuities), an increase of 1.11728 trillion RMB compared to the previous month, representing a growth of 0.88%. In terms of product type, the number and size of existing single asset management plans and collective asset management plans were similar. In terms of investment type, fixed income products had the largest proportion in terms of both number and size among the four product categories, followed by mixed investment products in terms of number, equity investment products in terms of size, and futures and derivatives products with relatively smaller number and size. Distribution of Private Equity Management Product Sizes Managed by Securities and Futures Brokerage Firms As of the end of July 2024, the average size of private equity management products managed by securities firms and their asset management subsidiaries was 609.25 billion RMB, with a median size of 238.45 billion RMB; the average size of private equity funds managed by securities firm subsidiaries was 83.06 billion RMB, with a median size of 21.72 billion RMB; the average size of private equity management products managed by fund management companies was 368.73 billion RMB, with a median size of 97.01 billion RMB; the average size of private equity management products managed by fund subsidiaries was 182.24 billion RMB, with a median size of 33.92 billion RMB; the average size of private equity management products managed by futures companies and their asset management subsidiaries was 30.15 billion RMB, with a median size of 2.81 billion RMB.