The China Securities Investment Fund Industry Association stated in a document that in October 2024, securities and futures operating institutions had a total of 477 private fund management products on record, a decrease of 31.66% compared to the previous month and a decrease of 18.74% compared to the same period last year; with a total establishment scale of 32.449 billion yuan, a decrease of 33.97% compared to the previous month and a decrease of 4.41% compared to the same period last year. By institution type, securities companies and their subsidiaries had the highest proportion of private fund management products recorded in October (see Table 1). By product type, the average establishment scale per unit for collective products recorded in October was 101 million yuan, an increase of 49.10% compared to the previous month, while the average establishment scale per unit for single products decreased by 58.54% to 31 million yuan (see Table 2). In terms of investment type, fixed income products dominated the products recorded in October (see Table 3). As of the end of October 2024, the total scale of private fund management products for securities and futures operating institutions (excluding social security funds and enterprise annuities) was 12.23 trillion yuan, a decrease of 296.345 billion yuan from the previous month, a decrease of 2.36% (see Figure 2 for the distribution of continuing product scale for securities and futures operating institutions). By product type, the number and scale of single asset management plans and collective asset management plans were similar for continuing products (see Table 4). In terms of investment type, the quantity and scale of fixed income products accounted for the largest proportion among the four product types, followed by mixed products in terms of quantity, equity products in terms of scale, and futures and derivatives products had smaller quantities and scales (see Table 5). As of the end of October 2024, the average scale of private fund management products managed by securities companies and their asset management subsidiaries was 574.10 billion yuan, with a median scale of 230.30 billion yuan; the average scale of private funds managed by securities company subsidiaries was 84.88 billion yuan, with a median scale of 22.84 billion yuan; the average scale of private fund management products managed by fund management companies was 351.34 billion yuan, with a median scale of 90.84 billion yuan; the average scale of private fund management products managed by fund subsidiaries was 175.55 billion yuan, with a median scale of 37.23 billion yuan; the average scale of private fund management products managed by futures companies and their asset management subsidiaries was 28.80 billion yuan, with a median scale of 2.29 billion yuan (see Figures 3 to 7 for the distribution of private fund management product scale for securities and futures operating institutions).