In August 2024, the Asset Management Association of China (AMAC) released the monthly report on the filing of private fund products by securities and futures operating institutions. In August 2024, securities and futures operating institutions collectively filed 782 private fund products, a decrease of 10.93% month-on-month and year-on-year. The total establishment size was 690.80 billion yuan, an increase of 27.13% month-on-month and 52.98% year-on-year. By the end of August 2024, the total scale of private fund products managed by securities and futures operating institutions amounted to 12.66 trillion yuan (excluding social security funds and enterprise annuities), a decrease of 1,763.86 billion yuan from the previous month, a decrease of 1.37%. In terms of institutional types, products filed in August were predominantly from securities companies and their subsidiaries. In terms of product types, the average size of collective products filed in August was 86 million yuan per product, an increase of 3.48% month-on-month, while the average size of single products was 91 million yuan per product, an increase of 121.55% month-on-month. In terms of investment types, fixed income products were the predominant investment type for products filed in August. As of the end of August 2024, the total scale of private fund products managed by securities and futures operating institutions amounted to 12.66 trillion yuan (excluding social security funds and enterprise annuities), a decrease of 1,763.86 billion yuan from the previous month, a decrease of 1.37%. In terms of product types, the number and scale of existing single asset management plans and collective asset management plans were similar. In terms of investment types, fixed income products accounted for the largest proportion in terms of both quantity and scale, followed by mixed products in terms of quantity and equity products in terms of scale. The quantity and scale of futures and derivative products were relatively small. Distribution of private fund product management scale by securities and futures operating institutions: As of the end of August 2024, securities companies and their asset management subsidiaries had an average management scale of 598.71 billion yuan for private fund products, with a median management scale of 235.55 billion yuan. Private fund subsidiaries of securities companies had an average management scale of 83.18 billion yuan, with a median management scale of 21.72 billion yuan. Fund management companies had an average management scale of 360.31 billion yuan for private fund products, with a median management scale of 94.23 billion yuan. Fund subsidiaries had an average management scale of 179.46 billion yuan for private fund products, with a median management scale of 31.45 billion yuan. Futures companies and their asset management subsidiaries had an average management scale of 31.57 billion yuan for private fund products, with a median management scale of 2.58 billion yuan.