The Securities Association of China released the "Monthly Report on Private Equity Management Products Filed by Securities and Futures Operating Institutions (September 2024)". In September 2024, securities and futures operating institutions filed a total of 698 private equity management products, a decrease of 10.74% month-on-month and 14.36% year-on-year; with a total establishment size of 491.41 billion yuan, a decrease of 28.86% month-on-month and 25.44% year-on-year. As of the end of September 2024, the total scale of private equity management products managed by securities and futures operating institutions was 12.53 trillion yuan (excluding social security funds and enterprise annuities), a decrease of 128.32 billion yuan from the end of the previous month, a decrease of 1.01%. I. Filing Status of Private Equity Management Products In September 2024, securities and futures operating institutions filed a total of 698 private equity management products, a decrease of 10.74% month-on-month and 14.36% year-on-year; with a total establishment size of 491.41 billion yuan, a decrease of 28.86% month-on-month and 25.44% year-on-year. By institution type, securities companies and their subsidiaries had the highest proportion of products filed in September (see Table 1). By product type, the average individual establishment size of collective products filed in September was 68 million yuan, a decrease of 21.71% month-on-month, while the average individual establishment size of single products was 74 million yuan, a decrease of 18.20% month-on-month (see Table 2). By investment type, fixed-income products accounted for the majority of products filed in September (see Table 3). II. Continued Status of Private Equity Management Products As of the end of September 2024, the total scale of private equity management products managed by securities and futures operating institutions was 12.53 trillion yuan (excluding social security funds and enterprise annuities), a decrease of 1,283.32 billion yuan from the end of the previous month, a decrease of 1.01%. (Distribution of the scale of continued products of securities and futures operating institutions see Figure 2) By product type, the number and size of single asset management plans and collective asset management plans are similar (see Table 4). By investment type, fixed-income products accounted for the largest proportion in terms of both quantity and size among the four types of products, followed by mixed-class products in quantity and equity-class products in size, while the quantity and size of futures and derivative products were relatively small (see Table 5). III. Distribution of the scale of private equity management products managed by securities and futures operating institutions As of the end of September 2024, securities companies and their asset management subsidiaries had an average management scale of 593.02 billion yuan for private equity management products, with a median management scale of 235.20 billion yuan; securities company private equity subsidiaries had an average management scale of 83.63 billion yuan for private equity funds, with a median management scale of 21.72 billion yuan; fund management companies had an average management scale of 359.63 billion yuan for private equity management products, with a median management scale of 97.56 billion yuan; fund subsidiaries had an average management scale of 170.47 billion yuan for private equity management products, with a median management scale of 36.56 billion yuan; futures companies and their asset management subsidiaries had an average management scale of 30.72 billion yuan for private equity management products, with a median management scale of 2.58 billion yuan. (Distribution of the scale of private equity management products managed by securities and futures operating institutions see Figures 3 to 7)